The Atlanta Federal Reserve on March 3 has again issued its GDP Now projection, finding the U.S. economy could be contracting at an inflation-adjusted, annualized 2.8 percent rate for the first quarter of 2025. That is down further from its Feb. 28 projection of negative 1.5 percent.
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As the article states, this has happened MANY times in my lifetime.
ReplyDeleteNot much in the stock market.
Minimal personal debt.
HOPING that prices will drop.
Not worried...
Lots of folks who are emotionally reacting, instant gratification motivated are freaking out over the stock market taking a shit like it’s the end of the earth. My advice , put on a Pink Floyd CD, pour 3 fingers of bourbon in your favorite chystal tumbler, light up a joint, sit back in a recliner and relax. Repeat several times a day and eventually the market will get over the financial speed bump will level out.
ReplyDeletePeople who lost everything in the 2000 tech stock crash never recovered. Remember Yahoo at $300+ per share?
DeleteJethro: "Ms. Jane, I have no idea what you just said."
ReplyDeleteNow that Trump is president the weasels are starting to admit the problems with the economy. It's all Trump's fault! Newsflash-its been obvious to anyone who doesn't listen to the MSM
ReplyDeleteWhat will cause some problems are the tariffs, good in the long-run and vitally necessary, but it will hurt for the first couple of years. That can be offset by getting rid of the illegals and all the fraudulent payments.
"That can be offset by getting rid of the illegals and all the fraudulent payments."
DeleteI believe you meant to say: get rid of all liberals, politicians, lawyers, judges, insurance agents, and people who think diversity is our strength. That's just for starters.
Boosting oil production will have a huge impact on lowering prices as long as companies pass on the savings.
DeleteNo pain no gain. Yes, things will get worse before they get better. You can't fix four years (more actually) in 90 days.
ReplyDelete