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Jul 26, 2021
 in 
Economics

Economic Perspectives

Prudential's consulting economist, Robert DeLucia, provides his perspective on the economic and financial climate of the U.S. Below you will find a collection of the articles he writes each week.

July 26, 2021 - Alternative economic scenarios

This week’s Economic Perspective explores several of the most plausible economic scenarios that could unfold over the next few years.

July 20, 2021 - A sudden shift in the economic narrative

This Special Report discusses possible reasons to explain this sudden shift in market sentiment.

July 19, 2021 - Long-term returns: challenges abound

This week’s Economic Perspective provides a summary of potential long-term investment returns by asset class — using a five-year investment time horizon — by exploring probable economic and policy trends likely to unfold in future years.

July 12, 2021 - Frequently asked questions

This week’s Economic Perspective provides answers to frequently asked question regarding economic and corporate profit growth, fiscal and monetary policy, and financial markets.

July 8, 2021 - Why are government bond yields falling?

This Special Report explores possible reasons to explain why real yields on long-term US Treasury securities are in negative territory and at the lowest level in the 250-year history of the US government bond market.

July 6, 2021 - Quarterly investment outlook

This week’s Economic Perspective provides a summary of the central themes in the investment outlook, both positive and negative.

June 28, 2021 - Quarterly economic review and outlook

This week’s Economic Perspective is the Prudential Retirement Quarterly Economic Review for the three months ending June 30, 2021.

June 21, 2021 - US labor market trends

This week’s Economic Perspective provides a summary of current labor market conditions along with the outlook through 2023.

June 14, 2021 - Is the US housing boom at an end?

This week’s Economic Perspective provides an update of current conditions along with a forecast of expected trends over the next several years.

June 7, 2021 - Central investment themes

This week’s Economic Perspective provides a summary of the central themes in the investment outlook, both positive and negative.

May 31, 2021 - A new inflation cycle

This week’s Economic Perspective provides an analysis of the outlook for inflation and the implications for the economy and financial markets.

May 24, 2021 - China’s economy at a crossroads

This week's Economic Perspective is an analysis of the Chinese economy and reveals a combination of important underlying strengths and structural weaknesses.

May 17, 2021 - The eurozone economy: upside growth surprises

This week’s report provides insight to the euro area economy and how it has suffered mightily under the weight of the coronavirus pandemic and several lockdowns.

May 14, 2021 - Corporate earnings, inflation, and the equity market outlook

This Special Report provides an analysis of current equity market conditions with an emphasis on corporate earnings.


May 10, 2021 - Mid-quarter economic review and outlook

This week’s report is the is the regular Prudential Retirement Mid-Quarter Economic Review and Outlook, which provides a summary of current trends along with an update of our economic and investment outlook.

May 5, 2021 - A new era of big government?

This Special Report explores the potential implications of US fiscal policy.

May 3, 2021 - A primer on traditional monetary theory and the outlook for inflation

This week’s Economic Perspective provides an analytical framework for investors to monitor current inflation trends, with a focus on monetary conditions.

April 26, 2021 - Frequently asked questions

This week’s Economic Perspective addresses questions regarding the outlook for economic growth, labor markets, residential construction, corporate debt, long-term interest rates, and international equity markets.

April 19, 2021 - The outlook for productivity

This week’s Economic Perspective provides answers to questions pertaining to current labor productivity trends, along with key implications for financial markets.

April 13, 2021 - US fiscal policy and GDP growth implications

This Special Report provides an analysis of the economic and investment implications associated with President Biden’s fiscal policy initiatives for this year and in 2022.

April 5, 2021 - Quarterly investment outlook

This week's report is the regular Prudential Retirement Quarterly Investment Outlook, providing a review of financial markets during the first quarter of 2021 along with an analysis of future investment trends.

March 29, 2021 - Quarterly economic outlook

This week’s Economic Perspective is the Prudential Retirement Quarterly Economic Review for the three months ending March 31, 2021.

March 22, 2021 - Implications of rising bond yields

This week’s Economic Perspective explores the underlying economic and policy forces at work and provides an analysis of the key investment implications.  

March 15, 2021 - The housing market: a perfect storm

This week’s Economic Perspective provides answers to questions regarding the outlook for the housing market over the next two years.

March 8, 2021 - The risks of an overheating economy

This week’s Economic Perspective provides answers to questions regarding the outlook for economic growth, inflation, and an overheating economy.

March 1, 2021 - An outright economic boom

This week’s Economic Perspective provides a review of current economic trends along with an analysis of potential implications for financial markets.

February 22, 2021 - Corporate earnings: further upside surprises

This week’s Economic Perspective answers questions regarding the current trend in company earnings and provides an analysis of investment implications.

February 17, 2021 - The economic cycle and market psychology

This Special Report discusses the dilemma currently faced by equity investors because of the conflict between very favorable prospects for economic and profit growth over the next two years and widespread evidence of an overvalued stock market.

February 16, 2021 - Mid-quarter economic review

This week’s Economic Perspective is the regular Mid-Quarter Economic Review, which provides a summary of current economic and investment trends along with an outlook for financial markets.

February 8, 2021 - Is inflation dead or just dormant?

This week's Economic Perspective explores the extent of current underlying inflationary forces and provides a forecast of inflation over the next several years.

February 2, 2021 - Domestic politics, the pandemic, and financial markets

This Special Report explores the impact of domestic politics and government policy on the economic outlook.

January 25, 2021 - Long-term investment returns

This week’s Economic Perspective looks beyond the customary 12-to-18-month time horizon and explores the potential for investment returns over the next five years.

January 25, 2021 - Economic implications of the Biden fiscal plan

This week’s Economic Perspective explores the likelihood of passage of major fiscal legislation this year along with the implications for the economy and financial markets.

January 19, 2021 - Frequently asked questions regarding the 2021 outlook

This week’s Economic Perspective addresses questions regarding the outlook for the economy and financial markets in 2021.

January 12, 2021 - A green light for fiscal stimulus

This Special Report summarizes the ramifications of the shift in the balance of power in Washington for the economy and asset allocation.

January 11, 2021 - Global investment outlook 2021

This week’s Economic Perspective is the Prudential Retirement Annual Investment Outlook for 2021.

January 4, 2021 - Annual economic outlook

This week’s Economic Perspective is the Prudential Retirement Annual Economic Outlook for 2021.

December 17, 2020 - The year in review: The 2020 economy and markets

This week’s Economic Perspective provides a review of 2020.

December 14, 2020 - The US labor market continues to weaken

This week’s Economic Perspective provides an update to employment and the implications for the US economy.

December 7, 2020 - A declining us dollar: Economic implications

This week’s Economic Perspective provides an analysis of the factors that influence the direction of the dollar along with the most significant economic and investment ramifications of dollar weakness.

December 2, 2020 - The Economy reaching a major inflection point

This week’s Special Report provides an update of the numerous cross currents within the economy, along with implications for equity and fixed-income markets.

November 30, 2020 - Politics and the US economy

This week’s Economic Perspective provides answers to questions pertaining to the ramifications of the 2020 elections.

November 23, 2020 - Corporate earnings: surprise to the upside

This week’s Economic Perspective reveals a very strong statistical correlation between stock prices and company earnings.

November 16, 2020 - Long-term consequences of the COVID-19 pandemic

This week’s Economic Perspective attempts to identify some of the most important structural changes that could have a major impact on financial markets in coming years.

November 11, 2020 - Growth versus value stocks

The focus of this Special Report is the behavioral characteristics of these two categories of stocks, in an effort to better understand the specific factors that determine relative investment performance.

November 10, 2020 - The election, vaccines, and the financial markets

This Special Report provides a timely update of current critical issues faced by investors.

November 9, 2020 - Mid-quarter economic review

This week’s Economic Perspective is the regular Mid-Quarter Economic Review, providing an update of current trends along with a summary of the outlook for economic growth and financial markets over the next one to two years.  

November 2, 2020 - Frequently asked questions

This week’s Economic Perspective provides answers to questions regarding the economic outlook, with an emphasis on the coronavirus pandemic, fiscal policy, employment, the housing market, and the behavior of the domestic equity market.

October 26, 2020 - The 2020 Election and the economy

This week’s Economic Perspective explores the economic and investment implications of next week’s election.

October 19, 2020 - China and the world economy

This week’s Economic Perspective provides an update of economic and policy conditions within China and a forecast for economic growth in 2021 and 2022.

October 14, 2020 - A tenuous bridge between a vaccine and permanent layoffs

This Special Report provides a brief update and analysis of the most recent economic, public health, and policy developments, along with a summary of critical variables in the investment outlook.


October 12, 2020 - Business restructuring and a jobless recovery

This week’s Economic Perspective focuses on the seismic changes underway within the business sector and labor market, with a special emphasis on the relationship between workers and employers and the implications for corporate profitability.

October 5, 2020 - Quarterly investment review and outlook

This week’s Economic Perspective is the regular Prudential Retirement Quarterly Investment Review and Outlook for the three months ending September 30.

September 28, 2020 - Quarterly economic review and outlook

This week’s Economic Perspective is the regular Prudential Retirement Quarterly Economic Review and Outlook for the three months ending September 30.

September 14, 2020 - A V-shaped recovery in housing

This week’s Economic Perspective provides an analysis of current housing market conditions, along with a forecast for home sales, prices, and construction over the next two years.

September 9, 2020 - Tracking the uncertain path of economic recovery

This Special Report provides an up-to-date assessment of current economic conditions and the major risks to the outlook over the next year.

September 7, 2020 - Federal reserve policy: A new direction

This week’s Economic Perspective provides answers to questions regarding the shift in Federal Reserve methodology and the implications for the economy and financial markets.

August 31, 2020 - US employment, consumer spending, and the equity market

This week’s Economic Perspective analyzes labor market trends in the context of the current business cycle and government policy initiatives.

August 24, 2020 - Record-low inflation: Long-term implications

This week’s Economic Perspective discusses the outlook for inflation over the next several years along with the potential economic and investment ramifications.

August 17, 2020 - An equity market conundrum

This week’s Economic Perspective provides answers to questions pertaining to the currently highly complex economic and investment landscape.

August 10, 2020 - Mid-quarter economic review

This week’s Economic Perspective is the regular Prudential Retirement Mid-Quarter Economic Review and Outlook, providing an analysis of current economic trends along with the outlook for the world economy and financial markets for the remainder of this year and 2021.

August 3, 2020 - Alternative economic scenarios

This week’s Economic Perspective explore four plausible economic scenarios for the next one to two years, along with key investment implications and specific probabilities attached to each.

July 27, 2020 - Employment, consumer spending, business failures, and fiscal policy

This week’s Economic Perspective examines the likely path of the economy during the remainder of this year, with a focus on the crucial interaction among four key independent variable: Labor markets, consumer spending, business solvency, and fiscal policy.

July 20, 2020 - How will the current economic recovery differ from normal?

This week’s Economic Perspective discusses the ways in which the current business cycle will differ from all previous cycles dating back to 1950.

July 15, 2020 - Is the economic glass half full or half empty?

This week’s Economic Perspective tries to reconcile the divergences in these crucial trends, along with a summary of critical assumptions in the economic and financial market outlook.

July 8, 2020 - Economic implications of the resurgence in new COVID-19 cases

This Special Report addresses the growing risks to the economic and investment outlook emanating from the surge in new COVID-19 infections and hospitalizations, and the associated risks of renewing social distancing and shelter-in-place practices.

July 6, 2020 - Quarterly investment outlook

This week’s Economic Perspective is the regular Prudential Retirement Quarterly Investment Review and Outlook for the three months ending June 30.

June 30, 2020 - Quarterly economic review and outlook

This week’s Economic Perspective is the regular Prudential Retirement Quarterly Economic Review and Outlook for the three months ending June 30.

June 22, 2020 - The real estate sector: A tale of two markets

This week’s Economic Perspective examines the key drivers of the US real estate market, both residential and commercial.

June 15, 2020 - Interpreting the news flow

This week’s Economic Perspective provides an update of critical variables affecting the economic recovery and the implications for financial markets.

June 8, 2020 - The US equity market at a crossroad

This week’s Economic Perspective provides an update of current of current economic trends and the outlook for the equity market.

June 1, 2020 - Are equity investors optimistic or pessimistic?

This week's Economic Perspective addresses questions regarding the underlying health and strength of the US equity market.

May 25, 2020 - Alternative economic scenarios: Determining the shape of the recovery

This week’s Economic Perspective explores several possible economic scenarios that could unfold over the next two years as the economy struggles to return to normal.

May 18, 2020 - Mid-quarter economic review and outlook

This week’s report is the regular Mid-Quarter Economic Review, which discusses the critical variables in the economic and financial market outlook.

May 11, 2020 - Should investors fear inflation or hyperinflation?

This week’s Economic Perspective explores the various issues pertaining to the outlook for inflation.

May 6, 2020 - Equity market volatility to continue

This Special Report provides an update on current conditions affecting financial markets.

May 4, 2020 -How vulnerable is the US banking system?

This week’s Economic Perspective provides an update of the US banking sector in response to the current economic and financial crisis.

April 28, 2020 - Reopening the US economy: What should investors expect?

This Special Report provides an update of current public health developments and economic trends in conjunction with world financial markets.

April 27, 2020 - Another new normal

This week’s Economic Perspective attempts to identify some of the most important structural changes associated with a new normal that might emerge, with major implications for world financial markets.

April 20, 2020 - Global pandemic: Critical issues

This week’s Economic Perspective answers questions relating to the coronavirus, government policy, economic trends, and the outlook for financial markets.

April 14, 2020 - Quarterly investment outlook and review

This week’s report is the regular Prudential Retirement Quarterly Investment Outlook for the period ending March 31.

April 13, 2020 - More aggressive policy measures and somewhat better public health trends

This week’s Economic Perspective provides an update of recent medical trends pertaining to the coronavirus pandemic.

April 7, 2020 - The COVID-19 recession and bear market

This Special Report provides an update of the global pandemic and its likely impact on the world economy and world financial markets.

April 6, 2020 - Quarterly economic review

This week’s Economic Perspective is the regular Quarterly Prudential Retirement Economic Outlook, providing a review of economic developments in the first quarter and a forecast of economic trends for all of 2020.

March 30, 2020 - An unprecedented policy response to COVID-19

This week’s Economic Perspective provides an update of developments on the economic, financial, policy, and public health fronts.

March 23, 2020 - Containment, policymakers, and world financial markets

This week’s Economic Perspective provides continuing analysis of the global pandemic, public health countermeasures going into effect, most likely economic trends in coming quarters, and implications for world financial markets.

March 16, 2020 - A technical rather than a textbook recession

This Special Report provides an update of the economic outlook and various government policy measures announced in the past week, along with implications for world financial markets.

March 10, 2020 - A worrisome escalation in investor panic

This Special Report provides an update of the economic outlook along with implications for portfolio asset allocation.

March 9, 2020 - The wealth of nations

This week’s Economic Perspective provides an analysis of the following question: How was the United States transformed from a small colony of settlers in the seventeenth century to the mightiest economy the world has ever known?

March 3, 2020 - The evolution of financial market panic

This Special Report provides an update of health conditions around the world and the likely impact of the virus on the world economy, along with the likely implications for world financial markets in 2020.

March 2, 2020 - Economic growth and equity market leadership

This week’s Economic Perspective addresses key issues with respect to GDP growth in the US and China over the next year, with important implications for global economic growth.

February 28, 2020 - The Coronavirus and financial markets

This Special Report provides a brief summary of the coronavirus and its current impact on the world economy.

February 24, 2020 - The Chinese economy in transition

This week’s Economic Perspective provides analysis of shifting trends within China as a means of better understanding the direction of world financial markets.

February 18, 2020 - Mid-quarter economic and investment review

This week’s Economic Perspective is the regular Mid-Quarter Economic and Investment Review.

February 10, 2020 - Frequently asked questions

This week’s Economic Perspective provides answers to frequently asked questions regarding the economy and financial markets, with a special emphasis on the potential economic and investment impact of the spreading coronavirus that originated in China several weeks ago.

February 3, 2020 - The US housing recovery gathers momentum

This week’s Economic Perspective provides an update and analysis of underlying housing market trends and explores the outlook for 2020.

January 30, 2020 - Central investment themes for 2020

This week’s Economic Perspective provides a summary of central investment themes for the upcoming year.

January 15, 2020 - Economic risks to the 2020 outlook

This week’s Economic Perspective explores the most prominent risks to the 2020 investment outlook.

January 8, 2020 - 2020 annual investment outlook

This week’s Economic Perspective is the Prudential Retirement Annual Investment Outlook for 2020.

January 2, 2020 - 2020 annual economic review and outlook

Next week’s report will be Part II of the 2020 annual investment outlook with an analysis of economic and policy trends likely to shape financial markets in the coming year.

December 16, 2019 - The year in review: An analysis of the 2019 economy

This week’s Economic Perspective is the regular Prudential Retirement Yearly Economic Review.

December 2, 2019 - Have corporate earnings peaked for the current cycle?

This week’s Economic Perspective provides a review of recent profitability trends along with a forecast of earnings growth in 2020.

November 25, 2019 - The next five years: An era of know returns

This week’s Economic Perspective looks ahead to the next five years and examines underlying economic, geopolitical, and policy factors that are likely to drive world financial markets.

November 18, 2019 - Mid-quarter review

This week’s Economic Perspective is the regular Mid-Quarter Economic Review and Outlook, providing an update of current economic and market trends along with an economic and investment outlook for 2020.

November 8, 2019 - The outlook for world oil prices

This week’s Economic Perspective provides answers to questions regarding supply and demand trends within world oil markets, along with projections of future price movements.

November 4, 2019 - Domestic equity market leadership: Growth or value?

This week’s Economic Perspective provides an analysis of the issues pertaining to growth stock versus value stock investing.

October 28, 2019 - The global economy: Growth continues to weaken

This week’s Economic Perspective provides an update of economic and policy trends within the world economy along with implications for global financial markets.

October 21, 2019 - Is the US employment boom nearing an end?

This week’s Economic Perspective provides an update of current employment trends, along with a forecast for 2020.

October 14, 2019 - Inflation, monetary policy, and long-term interest rates

This week’s Economic Perspective provides an update of inflation and Federal Reserve policy, along with an analysis of implications for long-term interest rates.

October 7, 2019 - Quarterly investment review and outlook: Third quarter 2019

This week’s report is the regular Prudential Retirement Quarterly Investment Review and Outlook.

September 30, 2019 - Quarterly economic review: Third quarter 2019

This week’s Economic Perspective is the regular Prudential Retirement Quarterly Economic Review and Outlook.

September 23, 2019 - What's next for king dollar?

This week’s Economic Perspective addresses key questions regarding the outlook for the dollar and implications for the world economy and financial markets.

September 16, 2019 - Credit conditions and the real economy

This week’s Economic Perspective provides an analysis of major trends affecting domestic credit markets and implications for the economic outlook.

September 9, 2019 - US housing market: Slow but sustained cyclical recovery

This week’s Economic Perspective provides an update and analysis of underlying housing market trends and explores the outlook for 2020.

September 3, 2019 - US industry concentration and corporate profitability

This week’s Economic Perspective provides an in-depth analysis of the transformation of the structure of US industry structure and the implications for the US economy and financial markets.

August 28, 2019 - Special report: World financial markets trapped in a high-risk zone

This week’s Economic Perspective highlights the key risks to the outlook, with an emphasis on trade policy.

August 27, 2019 - US household finances: Strongest in decades

This week’s Economic Perspective provides a rigorous statistical analysis of household sector finances along with key implications for the US economy and world financial markets.

August 16, 2019 - Economic risk increases along with an escalation in trade tensions

This week’s Economic Perspective examines the critical issues faced by global financial markets.

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