Wells Fargo's John Silvia: Three Hard Realities

John Silvia, the Chief Economist from Wells Fargo, is out with a note on some of the economic ills that won’t simply be cured by higher cyclical growth.

Our current expansion contains a mixture of a cyclical recovery and structural issues that are yet to be resolved and are not addressed by economic growth alone. Hard realities require hard decisions ahead:

1.  Housing: Rethinking Qualification and the Desirability of Homes

2.  Federal Deficits: Running out of Road

3.  Jobs: Skills Mismatch and the Complexities of Education

Something to think about, the full note is below: