11 Apr 2024 11:19 am
What that **** fails to reveal shows you really know nothing about economics, especially the reality of braindead biden's sorry economy. What has made braindead biden's economy seem so good is that consumers have been burning through their savings and retirement while household credit has soared to $19 TRILLION just to keep up with braindead biden's rampant INFLATION. Real wages are down 5 % and all those part-time jobs just do not pay very good and have NO benefits.R.Suave » 11 Apr 2024, 9:55 am » wrote: ↑ You know **** like that will ALWAYS be followed by a Stream of Bullzeet.
Meanwhile
The reason for this year’s strong economic performance is not hard to identify. “The US economy in 2023 held up much better than expected, despite headwinds, in large part because of a resilient consumer,” said Jim Wiant, CEO of asset manager Capital Four US.
In fact, consumers not only spent in 2023 like they had money to burn, but they may still have significant dry powder. Following the US Bureau of Economic Analysis’ September Comprehensive Update of the National Economic Accounts data release, analysts reported that more than $1 trillion in savings may remain in consumer hands.
Given that the US consumer makes up around 70% of GDP, with that firepower, a post-pandemic recession may never arrive. On the other hand, that spending could stoke inflation, or at least prevent it from falling toward the Federal Reserve’s stated 2% goal. That, in turn, could entice the Fed to keep the fed funds target rate elevated, forestalling a now widely expected dovish pivot early in 2024.
https://pitchbook.com/news/articles/202 ... pportunity