November 12, 2026By Scott B. MacDonald, Ph.D.Chief Economist Summary: As the dust settles from the November 3rd 2026 mid-term elections, three factors are becoming more evident: the Trump administration is wounded, but not dead; Democratic leadership faces a major challenge in holding together a potentially fractious new Congressional body in January 2027; and the economy has yet to cool. Indeed, the Federal Reserve Bank of Atlanta is now forecasting Q4 2026 real GDP growth at 3.5%; it was 3.4% in Q3 2026. The jobs report for October showed the US economy added 165,000 jobs, with the unemployment rate ticking down from 4.2% to 4.1%. The fast pace of growth has continued to put pressure on inflation, with October inflation coming in higher than expected. The post-November election landscape is defined by deep political uncertainty and polarization, fast economic growth, and ongoing inflationary pressures, to a backdrop of major questions over...
The Demographic Reckoning: Colleges and the Future of America’s Economy
October 27, 2026
October 16, 2026By Scott B. MacDonald, Ph.D.Chief Economist Demographics, Higher Education, and Future Economic Paths: It was H.G. Wells, author of The Time Machine and War of the Worlds, who stated, “History is a race between education and catastrophe.” In...
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