Potential Risks to the U.S. Economy in 2017

     Overall, the US economy is in strong shape.  Unemployment is low, growth is positive (but moderate) and inflation is under control.  But this expansion is also getting old; the possibility of a negative event hurting growth is increasing.  Looking at the economic landscape, these are the risks that I think could potentially derail the economy, or at least deliver negative shocks in 2017. Oil Prices      Because of oil’s centrality to the US economy, major price spike spikes usually lead to an economic slowdown.  James Hamilton (who writes at the Econbrowser.com) documented this in the paper Historical Oil Shocks, which…

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Potential Risks to the U.S. Economy in 2017