U.S. economy among the few bright spots at World Bank/IMF annual meeting The U.S. has been a rare economic bright spot this year, with steady economic growth even as other countries struggle... The contrast with the U.S. could not be more stark. The IMF says the U.S. is the only major economy where output has returned to pre-pandemic levels. “Right now, it does seem like we’ve seen a steady amount of economic resilience,” said Ed Moya, a senior market analyst at the brokerage firm Oanda. American consumers are powering much of the economic growth, he said. They’re still spending a lot, and they feel secure in their jobs, since employers are so desperate to hire.
The only thing that has surged back is inflation. Prices rose 3.7 percent in September as Fed keeps up inflation fight By Rachel Siegel
The homelessness population in major U.S. cities is on the rise - CBS News "More than 400000 people were homeless last year -- a record high, according to National Alliance to End Homelessness." Key Homelessness Statistics and Facts for 2023 "In America, 582,462 individuals are experiencing homelessness, an increase of about 2,000 people since the last complete census conducted in 2020." https://finance.yahoo.com/news/housing-market-2023-rents-evictions-195428339.htm "Eviction rates are rising across the nation, with filings up more than 50% than the pre-pandemic average in some cities. At the same time, rents are soaring. In July, rent prices grew 0.31 percent year over year"
huh, 16.8 Trillion it was 27.74 at the end of 2020 https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287 2016 $19,573 Brexit 2017 $20,245 Congress raised the debt ceiling 2018 $21,516 Trump tax cuts 2019 $22,719 Trade wars 2020 $27,748 COVID-19 and 2020 recession 2021 $29,617 COVID-19 and American Rescue Plan Act 2022 $30,824 Inflation Reduction Act and student loan forgiveness
yes, the FED is trying to cool the hot Biden economy big difference from the FED constantly trying to bail out the failing Trump economy
Inflation Is Higher Than Reported. A Shopper Has Proof Alfredo Ortiz, The Messenger Prices of most staples that many families depend on have increased by around twice as much as the official food inflation rate Read More
Anyone paying $14/pound for bacon is not someone who should be doing the shopping in any part of the country. Here in Ft Lauderdale, high quality bacon is around $10/pound. So, hard to take the article seriously when the one topic I understand without looking it up is total BS. Most of the other prices in this town in Missouri are higher or equal to the prices I’m paying now in Ft Lauderdale. It seems weird that prices in a small town in MO would be so much higher than here.
with the FED dumping trillions and trillions into it, now we have inflation the fed doesn't do this during a great economy... that the economy was great pre-covid is one of the biggest lies the Republicans ever told. "Fed Ups Its Wall Street Bailout to $690 Billion a Week as Media Snoozes" Oct 2019 https://wallstreetonparade.com/2019...ilout-to-690-billion-a-week-as-media-snoozes/ and "The Federal Reserve Has Already Pumped $9-Trillion into Wall Street in the Past Six Months, and Now Is Offering Banks Another $1.5-Trillion" March 2020 https://needtoknow.news/2020/03/the...d-now-is-offering-banks-another-1-5-trillion/
We had growth without inflation. Certainly the groundwork for inflation was laid. Trump's tax cuts were unwise. Biden was too late to the party on inflation.
Well, no. Money spent on bonds takes demand out of the stock market, putting downward pressure on stocks.
I believe a very big war is on the horizon and will make our economy look very fragile. World trade will be disrupted. I don’t think things will be very impressive at all in the near future.