‘Envy of the World’—U.S. Economy Expected to Keep Powering Higher

[Stryder50]

6 Reasons the Middle Class Can’t Afford To Dine Out Anymore​

6 Reasons the Middle Class Can’t Afford To Dine Out Anymore

In 2023, industry publications like FSR Magazine and Nation's Restaurant News released gloomy reports about a widespread and ongoing drop in restaurant traffic and sales. Unlike in earlier...

finance.yahoo.com

 

[sealybobo]

It has been two years since forecasters felt this good about the economic outlook.

In the latest quarterly survey by The Wall Street Journal, business and academic economists lowered the chances of a recession within the next year to 29% from 39% in the January survey. That was the lowest probability since April 2022, when the chances of a recession were set at 28%.

Economists, in fact, don’t think the economy will get even close to a recession. In January, they on average forecast sub-1% growth in each of the first three quarters of this year. Now, they expect growth to bottom out this year at an inflation-adjusted 1.4% in the third quarter.
Just 10% of survey respondents think the economy will experience at least one quarter of negative growth over the next 12 months, down from 33% in January.

“The U.S. economy is performing very well,” EconForecaster economist James Smith said in the survey. “We’re truly the envy of the world.”

https://www.wsj.com/economy/central-banking/economy-forecast-lower-recession-chances-1f24174b?mod=hp_lead_pos6

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The U.S. economy has outpaced the growth of other G7 countries since the pandemic, with GDP growing 7.4% since Q4 2019 compared to 0.3%-4% growth for countries like Germany, France, and the UK. We remain a global powerhouse. You Go Biden!!!

The envy of the world | Oct 19th 2024 | The Economist

The envy of the world. Special reports from The Economist. You've seen the news, now discover the story.

www.economist.com

You're being duped. Let's talk money. The envy of the world. The economy is bigger and better than ever.

a. Since 2020 America growth is 10%. 3 x the average of the other G7 countries. Not just billionaires.

b. Mississippi, our poorest states, residents earn more than the brits, canadians and germans.

c. Top 10 USA tech stocks worth more than Canada, Britain, France and Germany's stock markets combined.

d. Texas has bigger GDP than Russia

e. 26 trillion GDP.

f. China hasn't overtaken us

g. California has 4th biggest GDP in the world. Bigger than India, Britain, Canada's

Our economy is stronger today than it has since WW2.

Our Economy is great!!!!

 

[sealybobo]

Good place for this for now;

The salary a single person needs to make ends meet in every U.S. state​

https://www.cnbc.com/2024/06/15/salary-a-single-person-needs-to-make-ends-meet-in-every-us-state.html

Mississippi, our poorest states, residents earn more than the brits, canadians and germans.

 

[sparky]

Petro$$$ is now BRIC$$$

The implications of which far outweigh any other economic metric

~S~

 

[sealybobo]

Petro$$$ is now BRIC$$$

The implications of which far outweigh any other economic metric

~S~

The only problem with our economy, besides the debt, is that since Reagan, the rich/corporations have waged class warfare on labor/the middle class.

Tax breaks for them
They hire illegals
They send jobs overseas
They broke our unions taking labors seat at the table away.

Since 1978ish, GE, Jack Welch, started firing workers. You no longer could expect to work 30 years at one company.

I'm not going to ramble on. Poor republicans on USMB are stupid. They need to join the labor party. The GOP has duped them with god, gays, guns and racism and they believe anything Trump says. Meanwhile, Trump works with the deep state globalist rino's who waged the cla$$ warfare against us.

Ever hear them talk about illegal employers?

Remember in 2016 Trump lied on 60 minutes and said he was going to raise taxes on the rich. It's how he duped a lot of people the first time.

Trump wants to play wack a mole with illegals while also hiring them at Mara Lago.

Need I say more?

 

[sparky]

Oh , i'm with ya on the classism Sealy , all one needs do is realize the disparity.....



~S~

 

[initforme]

Wages are way too low even for low wage jobs. They need to go up.

 

[Robert W]

Wages are way too low even for low wage jobs. They need to go up.

Notice the stores collapse with higher wages.