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The Real Economy

A monthly publication to help the middle market anticipate and address the unique issues and challenges facing their businesses and the industries in which they operate.

The U.S. middle market makes up one-third of the country’s economy and employs one-third of its workforce, yet this economic growth engine is often overlooked. As the leading provider of assurance, tax and consulting services to middle market businesses, RSM wants to change the conversation.

The Real Economy is a first step. This monthly publication provides economic information and insights for and about the middle market. It helps shine a light on the unique needs and opportunities of this important segment of our economy.

Fiscal stimulus takes its turn in the spotlight

Fiscal stimulus takes its turn in the spotlight

Now that monetary policy is receding from the spotlight, it's time for fiscal stimulus to take its place on stage.

  • Joe Brusuelas
  • |
  • December 08, 2016
Why the Trans Pacific Partnership matters

Why the Trans Pacific Partnership matters

Read the third global edition of RSM's The Real Economy, our monthly publication that provides economic insights for the middle market.

  • Joe Brusuelas
  • |
  • November 03, 2016
Holiday retail spending to show online surge

Holiday retail spending to show online surge

Holiday retail sales will likely show a solid 3.4 percent overall gain this year

  • Joe Brusuelas
  • |
  • October 12, 2016
What low and negative interest rate policies mean for the middle market

What low and negative interest rate policies mean for the middle market

Learn how low and negative yields impact insurance firms in this edition of The Real Economy featuring RSM Chief Economist Joe Brusuelas.

  • Joe Brusuelas
  • |
  • September 08, 2016
What technology disruptions mean for the middle market

What technology disruptions mean for the middle market

Middle market faces crucial test in managing disruptive technology.

  • Joe Brusuelas
  • |
  • August 04, 2016
US financial conditions solid even amid Brexit risks

US financial conditions solid even amid Brexit risks

Financial conditions in the US are broadly supportive of economic growth even after the vote by the UK to exit the European Union.

  • Joe Brusuelas
  • |
  • July 07, 2016
Labor policy changes pose distinct risks for middle market

Labor policy changes pose distinct risks for middle market

Middle market firms will disproportionately shoulder the burden of adjusting the minimum wage to $15 per hour.

  • Joe Brusuelas
  • |
  • June 12, 2016
Four global risks facing the middle market

Four global risks facing the middle market

Read the second global edition of RSM's The Real Economy, our monthly publication that provides economic insights for the middle market.

  • Joe Brusuelas, Brendan Quirk, Dr. Suresh Surana
  • |
  • May 20, 2016
Negative interest rate policy fraught with risks

Negative interest rate policy fraught with risks

The risks to the financial sector and the middle market cannot be overstated.

  • Joe Brusuelas
  • |
  • April 07, 2016
Here is why recession fears are overblown

Here is why recession fears are overblown

There are growing concerns the economy may be teetering on the brink of a recession. Our recession probability model shows such fears are overblown.

  • Joe Brusuelas
  • |
  • March 03, 2016
Why a strong jobs market may force entitlement reforms

Why a strong jobs market may force entitlement reforms

The rising number of individuals not in the workforce is resulting in a tighter labor market and pushing up labor costs, particularly for middle market firms.

  • Joe Brusuelas
  • |
  • February 10, 2016
Inflation creep looms over economic growth, policy decisions

Inflation creep looms over economic growth, policy decisions

While inflation poses little risk to the economic outlook, a look under the hood at core data shows the risk to operating costs for the middle market.

  • Joe Brusuelas
  • |
  • January 14, 2016
2016 Economic Outlook: Households, residential investment to drive growth

2016 Economic Outlook: Households, residential investment to drive growth

U.S. growth in 2016 will likely remain well above the long-term trend of 1.5 percent, driven by household spending and residential investment.

  • Joe Brusuelas
  • |
  • December 09, 2015
The effects of U.S. policy normalization on global central banks

The effects of U.S. policy normalization on global central banks

Read our first semi-annual global edition of The Real Economy.

  • Joe Brusuelas, Brendan Quirk, Anand  Selvarjan
  • |
  • October 26, 2015
The economic case for rebuilding America's aging infrastructure

The economic case for rebuilding America's aging infrastructure

Why a long-term infrastructure spending project makes economic case.

  • Joe Brusuelas
  • |
  • October 09, 2015
Will they or won't they? Fed September rate decision looms

Will they or won't they? Fed September rate decision looms

The case for a September rate increase remains strong, even with recent market volatility.

  • Joe Brusuelas
  • |
  • September 09, 2015
Energy outlook: The economic case for U.S. oil exports

Energy outlook: The economic case for U.S. oil exports

Middle market firms with links to oil, transportation and construction will disproportionately benefit if the U.S. exports domestically produced oil.

  • Joe Brusuelas
  • |
  • August 06, 2015
Consumers ready to drive economic growth in second half

Consumers ready to drive economic growth in second half

After a disappointing start, the U.S. economy is poised for much better performance in the second half of the year.

  • Joe Brusuelas
  • |
  • July 08, 2015
No market for young traders: Get ready for your grandparents' bond market

No market for young traders: Get ready for your grandparents' bond market

A lack of liquidity in fixed income will create opportunities for long-term investments in the middle market.

  • Joe Brusuelas
  • |
  • June 03, 2015
The key demographic shift that will boost housing

The key demographic shift that will boost housing

Demographic dynamics and increased demand for shelter will bolster middle market firms that support residential real estate and housing services.

  • Joe Brusuelas
  • |
  • May 06, 2015
Better economy no match for long-term fiscal threat

Better economy no match for long-term fiscal threat

Without reforms, the U.S. faces a period of fiscal adjustment that will likely fall on the shoulders of the middle market.

  • Joe Brusuelas
  • |
  • April 08, 2015
Stronger dollar to define remainder of decade

Stronger dollar to define remainder of decade

U.S. dollar strength is here to stay. This is what it means for the middle market.

  • Joe Brusuelas
  • |
  • March 04, 2015
Higher wages ahead

Higher wages ahead

RSM US Chief Economist Joe Brusuelas makes the case for why wages are poised to move higher this year.

  • Joe Brusuelas
  • |
  • February 04, 2015
U.S. economic outlook: Broadening growth, prosperity to define 2015

U.S. economic outlook: Broadening growth, prosperity to define 2015

RSM US Chief Economist Joe Brusuelas says broadening growth and economic prosperity will define the year ahead.

  • Joe Brusuelas
  • |
  • January 07, 2015

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Events / Webcasts

IN-PERSON EVENT

25th Annual Economic Forecast—New Bern

  • January 11, 2017

IN-PERSON EVENT

25th Annual Economic Forecast—Wilmington

  • January 11, 2017

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2017 economic and risk outlook

  • January 09, 2017

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RSM New Jersey Year-end Summit

  • December 13, 2016

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The economic impact of Brexit and the presidential election

  • September 28, 2016

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Economic outlook and reception

  • June 14, 2016

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The Wall Street Journal's 2016 Middle Market Summit

  • May 23, 2016

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2016 Retail and Consumer Economic Outlook Forum

  • January 21, 2016

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Battle of the economists

  • December 08, 2015

RECORDED WEBCAST

2016 economic and risk outlook

  • November 02, 2015

RECORDED WEBCAST

2015 economic outlook and the impact on financial institutions

  • December 04, 2014