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Looks Like A Flustery Day Today 😵
Did you know that the concept of Gross Domestic Product was developed by Simon Kuznetz in 1934?
Equity Eats
February 28, 2024
Looks Like A Flustery Day Today 😵
Did you know that the concept of Gross Domestic Product was developed by Simon Kuznetz in 1934?
This was done in order to more accurately measure the nation’s economic performance, highlighting the continual development of economic analysis.
In this edition, we’ll look at the following:
Shake Off The Gloom, The Stock Market Reveals The Truth: First, we’ll reveal why the US stock market is a global leader despite challenges, pointing to its economic strength 📈
Why Were Economists So Wrong: Next, we’ll examine the mispredictions about recessions, highlighting the Fed's role in maintaining economic stability even without any downturns ❌
Can Trump Overcome Trump: Finally, we’ll reflect on the current presidential candidates and how they are perceived by the public 🤔
Dive into these analyses for a deep understanding of today's economic and political landscape.
Shake Off The Gloom, The Stock Market Reveals The Truth 📈
The stock market is the best measure of the value of a country.
The United States has always held itself up as the global standard in terms of democracy and free market capitalism.
And according to the stock market, nobody does it better than the United States 💰
For all of the criticism we get from abroad and for all of the criticism we direct at ourselves, the stock market says it all.
No country comes close to delivering near the stock market returns that the US consistently delivers.
Despite all the gloom, the US economy and stock remains unparalleled 💪
Why Were Economists So Wrong? ❌
Virtually all economists predicted a nasty recession in 2022.
They were wrong.
So, they pushed their forecast back, and called for a recession in 2023 📉
They were wrong again.
Now most economists are too afraid to be wrong a third time, but most remain negative, and they will likely be wrong again.
What is it that they are missing? 🔍
Fed credibility.
Unlike in decades past, the market now understands that when the Fed gets serious about taming inflation, it will succeed.
Therefore, a recession is no longer required for the Fed to prove its inflation fighting credentials 🤯
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Can Trump Overcome Trump? 🤔
President Biden’s election prospects look grim.
A recent NBC News survey found that 76% of voters were concerned Mr. Biden lacked “the necessary mental and physical health to be president.”
An ABC News/Ipsos poll reported 86% of Americans think he’s “too old for another term.”
Granted, Trump isn’t in great shape either 😵
In the NBC poll, 48% of respondents worried that he lacks the mental and physical health being president requires.
In the ABC/Ipsos poll, 62% of Americans said Trump was too old for a second term, up 13 points since September.
Still, Biden’s numbers are worse and unlikely to improve 📉
Assuming Biden doesn’t drop out of the race, the only way Trump will lose this race is if he commits too many unforced errors.
