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Reply to "What are your political predictions for 2024?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So far my prediction is that overwhelming majority of these big predictions the rest of you have made won't pan out.[/quote] This! And we don’t need debates. We know where both candidates stand: Biden got us through COVID successfully and economy is up, inflation down. Trump wants to stay out of prison, be a king and will yank our economy (and let Putin take Ukraine). My money’s on Biden. [/quote] The economy is “up?” Inflation is “down?” [/quote] You really need to get your news from somewhere other than Fox News. They are downplaying the economic recovery purely for political theater and to convince people like you that the status quo is still bad, so you'll vote Republican. Here' just a sampling, but most economic sources are in agreement. The economy is up (recovering from the pandemic which was a situation Biden inherited): [url]https://www.forbes.com/sites/ankitmishra/2023/12/18/leading-experts-weigh-in-on-growing-the-us-economy-in-2024/?sh=1acf662051a5[/url] [quote][b]The United States economy has rebounded strongly from the Covid-19 recession[/b], aided by a heavy-handed and enduring government policy response. Since the pandemic hit, the U.S. economy has grown by 5.4%, while those of the remaining G7 have only increased by an average of 1.4%.[/quote] [url]https://www.usbank.com/investing/financial-perspectives/market-news/economic-recovery-status.html[/url] [quote][b]In the third quarter, the economy expanded at a seasonally adjusted annualized rate of 4.9%[/b], based on the government’s third estimate of Gross Domestic Product (GDP). [...] [b]Third quarter GDP results represent a marked improvement over the first half of 2023. [/b]The economy generated a 2.2% annualized growth rate in the first quarter, followed by an increase of 2.1% in the second quarter. [b]“We’ve had three accelerating quarters of economic growth instead of the expected three quarters of slowing growth,”[/b] says Rob Haworth, senior investment strategy director at U.S. Bank Wealth Management. “The primary reason is that remains strong, which is driving the surprising level of growth we’ve seen.”[/quote] Inflation is down: [url]https://www2.deloitte.com/xe/en/insights/economy/us-economic-forecast/united-states-outlook-analysis.html[/url] [quote][i]Out of this nettle, danger, we pluck this flower, safety.”[/i] —Henry Hotspur in William Shakespeare’s Henry IV (Part 1, Act 2, Scene 3) Fed officials might well be feeling like they have managed to follow Hotspur’s advice. [b]The US economy seems to have avoided the pain of a recession while enjoying a pretty significant fall in inflation.[/b][/quote] [url]https://www.nytimes.com/2024/01/03/business/economy/inflation-prices.html[/url] [quote]Will America’s Good News on Inflation Last? [b]One of the biggest economic surprises of 2023 was how quickly inflation faded. [/b][/quote][/quote]
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