Quote:
Originally Posted by Onlydo2days
As we're now only 7 months away from election, chances of an economic black swan go way down as well.
The federal government never stopped pumping money into the economy after Covid so the odds of a big economic recession in the next few months are fairly low.
The government has been funding semiconductors, EV, solar and wind energy generation as well as money for the increase in immigration and paying off student loans. These are the acts of planned economy and not a a free market economy. Russia, Venezuela and a bunch of other countries have tried this, I hope we don’t share their fate.
Congress just pushed through an extra $1.2 trillion in spending. On top of that the fed announced they will likely cut rates 3 times this year which is another way to speed up the economy - despite inflation still being high at 4.3% over the last 12 months.
It is the long-term effects of this that we should worry about, but that won’t be factored into this election.