JohnDB
Platinum Member
- Jun 16, 2021
- 12,687
- 8,843
- 1,138
On this one....Also: "Republicans posted a sizable 10% decline in their expectations index in March. For Independents and Democrats, the expectations index declined an even steeper 12 and 24%, respectively."
I tend to believe that the Democrats are closer to actual. (Democrat range is too broad)
The Money Multiplyer effect is always in play here. And NONE of the new investment plans have been actualized yet in any meaningful way. Everyone is in a holding pattern to see how much of Trump's agenda is actually going to be realized.
And when some of these plans are actualized its unclear how much is actually going to help with jobs and GDP. Hyundai car plant is going to use robots for much of the production. (GM uses some robotics but it's fighting a Union)
Even the smelters and refineries are going to largely be automated...After construction, and the construction is going to require years.
We POSSIBLY will see both a fall in home and commercial real estate market prices as well as a steep rise in unemployment rates.
The advent of successful AI is currently causing a huge problem for upper and middle management for large companies as their tasks are being accomplished by AI queries. (There is no longer a career job at any firm anywhere)
Things are DEFINITELY headed towards a recession. Truthfully, we have been there for a while as just about every metric the Government has issued has been falsified in some fashion and supported by deficit spending for increased government employee roles. (Which has made things worse and not better EXCEPT for the wealthiest citizens and organizations (Fidelity, Blackrock, Morgan Stanley, and etc)