The US Economy

2008 was the record record back then. 4th qtr 2016 was the highest at that time 2017 2nd, 3rd, and 4th qtrs set new records at that time. 2019 was another new record.

My point is, there will always be new records every few years, people write headlines about them. Politicians use them as talking points and then everyone forgets about it and moves on until the next new record comes along.

Right now the Trump supporters are yelling about debt, I bet, if Trump wins, the debt will continue to increase and all of a sudden, it won't bother Trump supporters any more and the Democrats will be upset about the debt.

you 2 loons made me google it and check 4 different sources, credit card debt is up 17% from 2022 to today, home equity loans up 8% in same time frame. the highest in history, also 67% of americans live paycheck to paycheck. why would some argue facts on the state of the economy, nevermind i already know.

Some interesting charts and comments.



Yahoo Finance Chartbook: 32 charts tell the story of markets and the economy midway through 2024

"Stocks are near all-time highs, and investors think interest rate cuts from the Federal Reserve are around the corner."

"An overarching feeling of optimism about both the economy and markets emerges from the third volume of the Yahoo Finance Chartbook, a trend similar to that seen in volume two in late January."

"Across the 32 charts compiled by economists and strategists on Wall Street, we see broad confidence that the US economy can still achieve the vaunted "soft landing" outcome following the Fed's historic rate-hiking cycle."

"Following a nearly 17% gain in the S&P 500 (^GSPC) so far this year, equity strategists see room for the bull market to run further, as many areas of the market have only recently joined the rally."

"However, just past the midpoint of 2024, there is some doubt about how long this can last without significant changes."

"The risks aren't hard to find with the US presidential election looming. A stock market pullback is more than overdue, according to some market data. And a resilient economy continues to straddle the fine line between normalization from pre-pandemic trends and the start of a broader slowdown."

"Economists are clamoring for changes to monetary policy to ensure the Fed can land the plane safely. Investors are also highlighting new opportunities and a potential stock market rotation as artificial intelligence enthusiasm moves into its next phase."

"Yes, inflation is up more than anyone would like, but it might surprise many that disposable incomes and employee compensation have increased more than overall inflation since the pandemic started. This is one of the main reasons we haven’t had a recession when so many expected it. The good news is we expect inflation to improve the second half of this year, so consumers should remain in good shape as incomes and compensation remain healthy."

finance.yahoo.com/news/yahoo-finance-chartbook-32-charts-tell-the-story-of-markets-and-the-economy-midway-through-2024-095812719.html

Pointless.

Yep, When ignorant bastards can't find anything to refute facts they tend to resorts to insults, name calling and denigration to cover up their inability to render intelligence responses. 

It’s not what the economy is….. it’s what the economy could be with better leadership