The polar vortex that chilled most of the nation this week could cost the US billions. But it shouldn’t plunge the economy as low as the temperatures.
Since mid-2009, some 95 percent of all US income gains have gone to the top 1 percent. Now, even powerful financiers are alarmed by the increased income inequality between rich and poor.
Many economic indicators are doing well. Yet Americans say they lack certainty about the future, perhaps starting with trust in government handling of the economy. The uncertainty gap needs to close.
Predictions for 2014 economy are generally upbeat, with analysts seeing growing picking up and the bull market in stocks continuing. But the economy won't get back to normal in the new year, despite the positive predictions for 2014.