Hey, you've identified politics. The reality is vastly different, as the president impacts the economy, but Congress has a much larger impact, since he can only sign or veto what spending bills they send him, and even then they can override him. Notice that the best economy we have had in recent decades was with a pragmatic democrat president willing to buck his own party and a hostile Republican congress willing to hold his feet to the fire.
/---/ You are correct.
/——/ Small correction? What a lame brain.
markets.businessinsider.com
The Federal Reserve did nothing as interest rates rose from 1.2% to 8.3% over about 14 months. So it is not surprising that after inflation leveled out at about 3%, they are waiting for positive proof that the economy is slowing down. This has to be one of the most conservatives Fed Boards we have had in many years.To listen to market observers, the Federal Reserve is sleeping as the house burns down. After the week began with sharp falls in Asian stock markets, American analysts began calling for emergency interest rate cuts from the Fed. Otherwise, they say, falling stock prices risked turning into an outright crash.
Arguably, investors are mapping their own pain onto the economy as a whole. Despite Monday’s sell-off, the macro-data from the broader economy doesn’t quite paint the picture of collapse that they’re drawing, at least not yet.
High-frequency data, like air travel and flight bookings, still indicate a US economy which remains in pretty good shape. Although there’s little question the economy has cooled down, it bears repeating that it’s coming off a period of very hot growth. Overall, the picture is of a gradual softening, not an imminent collapse. Consumer spending is still up. The U.S., in short, is not Canada.
Ironically, therefore, the widespread expectation that interest rates will be cut sharply is a self-defeating sentiment. It has driven bond yields down a lot, lowering borrowing costs – the expectation of cuts may actually take the pressure off central banks to get more aggressive with cuts. That is a good thing.
But the markets are not the economy, and investors’ pain is only their own. With the markets running less hot, the economy will benefit since capital, including houses, will become more affordable.
Opinion: Markets are down, but that doesn’t mean the economy is — The Globe and Mail
American markets opened on Monday deep in the red. But the truth is that share prices, while down a lot, didn’t quite collapseapple.news
They don't have any money to pay off their debts.
It's almost as if something bad happened that year. Now if we can only figure out what it was...Good times compared to 2019
2019 was one of the decade's worst years for job cuts in the US
The sectors with the most cuts faced trade concerns and shifts in consumer behavior and technology, according to Challenger, Gray & Christmas.
/—-/ Even The NY Times proves you’re a blithering idiot.
Yeah, me too. I picked up a few pounds.
The economy is not turning down, yet and it may not.
And millions investing for retirement are putting billions into the market. Percentage wise, I don't think the ups and downs of the market has much effect on this. However, a real recession could decrease investing and increase withdrawals, a money managers nightmare.
