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