With the US economy booming, it’s morning in America again

[F-22Raptor]

https://twitter.com/x/status/1836468686565314711

https://twitter.com/x/status/1836477395764941108

Economy booming at 3% real growth, inflation defeated, and rates coming down.

 

[F-22Raptor]

https://twitter.com/x/status/1836476937604092040

 

[F-22Raptor]

Post pandemic productivity growth, the AI boom, the Chips/infrastructure/and clean energy Acts are leading to a booming US economy.

 

[lightning f57]

Economist Steve Hanke: US still faces recession, warns economist before possible interest rate cut
One good indicator on health of US economy is value of gold, when its high it means the value of the dollar has fallen and people are moving their investments to this time tested safe haven.



Its currently at the highest its ever been. For me that's a worrying sign.

 

[F-22Raptor]

Economist Steve Hanke: US still faces recession, warns economist before possible interest rate cut
One good indicator on health of US economy is value of gold, when its high it means the value of the dollar has fallen and people are moving their investments to this time tested safe haven.

View attachment 65718

Its currently at the highest its ever been. For me that's a worrying sign.

Atlanta Feds GDPnow forecast has US growth at 2.9% for Q3 currently.

The US economy isn’t anywhere near recession.

 

[lightning f57]

Atlanta Feds GDPnow forecast has US growth at 2.9% for Q3 currently.

The US economy isn’t anywhere near recession.

Late 2021 last two quarters were 3.3 & 7% GDP growth which was impressive. Then early 2022 briefly entered recession. There are many factors at play here but one big sign is consumer behaviour. The fed cut rates to increase consumer spending to try and avoid a recession, Steve Hanke is saying the cuts have come too late and he dont rate either of the next two possible presidential candidates to run the economy well. If it does dip into recession I don't think it will be for a protracted period.

 

[F-22Raptor]

Late 2021 last two quarters were 3.3 & 7% GDP growth which was impressive. Then early 2022 briefly entered recession. There are many factors at play here but one big sign is consumer behaviour. The fed cut rates to increase consumer spending to try and avoid a recession, Steve Hanke is saying the cuts have come too late and he dont rate either of the next two possible presidential candidates to run the economy well. If it does dip into recession I don't think it will be for a protracted period.

Q2 growth was 3%, Q3 is tracking at 3%. The US economy isn’t anywhere near a recession.

 

[Yommie]

The increase in GDP cannot keep up with increase in population. 20,000 Haitians arrived in Springfield, Ohio which only has like 50,000 people.

 

[F-22Raptor]

The increase in GDP cannot keep up with increase in population. 20,000 Haitians arrived in Springfield, Ohio which only has like 50,000 people.

The surge in US immigration is actually expected to add $7T to the US economy over the next decade.

Immigration to Boost US GDP by $7 Trillion Over Decade, CBO Says

The surge in immigration will help bolster the US economy by about $7 trillion over the next decade by swelling the labor force and increasing demand, the Congressional Budget Office said on Wednesday.

www.bloomberg.com

 

[Yommie]

The surge in US immigration is actually expected to add $7T to the US economy over the next decade.

Immigration to Boost US GDP by $7 Trillion Over Decade, CBO Says

The surge in immigration will help bolster the US economy by about $7 trillion over the next decade by swelling the labor force and increasing demand, the Congressional Budget Office said on Wednesday.

www.bloomberg.com

More money is not necessarily better life. Back in the 1800s there were less money and better life.

 

[F-22Raptor]

https://twitter.com/x/status/1836744162843992476

US stocks are setting all time highs

 

[retaxis]

US only knows how to keep borrowing money at 36trillion debt therefore its economy is failing if it can't pay back.

 

[LeGenD]

The US needs to revisit its economic model and control debt. Discourage use of credit cards for everyday purchases. People don't get paid? Why are they supposed to buy everything on credit terms? Why not use debit card? Control this bad habit.

 

[PakFactor]

The US needs to revisit its economic model and control debt. Discourage use of credit cards for everyday purchases. People don't get paid? Why are they supposed to buy everything on credit terms? Why not use debit card? Control this bad habit.

There are too many factors to look into, but now there is a 50/50 chance when a 50+ bps cut happens in the next twelve months, there are usual shocks to the economy. The last two times this took place in 2001 and 2007, the S&P 500 fell the next 448 and 372 days; 39% and 54%. Note: These falls happened after twelve months from rate cuts. (If we go further back, same scenario).

If you look at household debt, it's increased many folds; mortgage, auto, and credit card debt are even higher; the delinquency rate has also increased; along with foreclosure rates. Currently, we have a household debt of 17.5 trillion. The Federal Reserve Bank of New York notes that homeowners were tapping into their HELOC to extract money from their homes, usually for spending combined with credit card debt.

When we look at debt, we see the $35 trillion but often miss the $80 trillion in unfunded long-term liabilities; I can go on and on, but I know that when the ocean is calm on top, it has violent undercurrents.

Most money managers are slowly taking some defensive positions. For the average man, I would say to follow Warren Buffet, as he breaks it down much more straightforwardly.

 

[Thinking]

More money is not necessarily better life. Back in the 1800s there were less money and better life.

Lol what? Back in 1800s what qualified for a better life? I bet civil war was the best time to be around! Go Irish!