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US Prepares GDP Scorcher As Fed Goes Silent
US economic exceptionalism should be on full display this week.
The advance read on Q3 GDP is expected to show the world's largest economy expanded at a 4.3% pace last quarter, indicative of a resilient American consumer and, more broadly, a growth impulse undeterred by rate hikes.
The Fed is avowedly trying to engineer below-trend growth in order to stifle inflation. 4.3% isn't below-trend. In fact, it's well above-trend, and it's not likely consistent with price stability. There's too much d
Multiple wars, a tepid US economy, challenged economies in Europe. Not to mention, Xi and China are being jackasses, picking on the Philippines. Fun stuff. Q4 is a downer.
Sorry Santa. I do not believe the Christmas season will be very jolly. But it may help to put in a bottom. Fingers crossed that the Treasury will introduce greater support for bonds and buy a bunch of them in Q1. Of course, I don’t know what they will do, but it’s nice to know they have these tools to use. I’m looking forward to the new year. What else is there? Donald Trump? The abundance of so-called conservatives sucking up to this maniacal idiot is slowly and surely destroying the Republican party before our eyes. The spectacle in the House of Representatives is an embarrassment to our country. They look like a bunch of simple-minded mental midgets.
Jeez! I’m really looking forward to next year and hopeful for better all-around outcomes in ’24.