F-22Raptor
Elite Member
- Jun 18, 2014
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Economy booming at 3% real growth, inflation defeated, and rates coming down.
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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.
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Its currently at the highest its ever been. For me that's a worrying sign.
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.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.
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
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.
More money is not necessarily better life. Back in the 1800s there were less money and better life.