I’m hearing that a big ole crisis is in the makings.
Slightly spooked.
What do you think? Is it alarmist? What will inflation hit worst in this case? What will be devalued most?
I’m hearing that a big ole crisis is in the makings.
Slightly spooked.
What do you think? Is it alarmist? What will inflation hit worst in this case? What will be devalued most?
Leading economic indicators are slightly down: https://www.conference-board.org/topics/us-leading-indicators/
Economic sentiment (one example https://www.sca.isr.umich.edu/ ) is sharply down.
Predicting the economy is difficult, many different people bet real money both ways.
The best summarization I recommend considering is the discussion of the “K” shaped economy. Standards seem to be shifting, those with wealth seem to be doing well if not growing. Those at the margin or poorer seem to be getting worse. So you can have two true statements that the stock market is soaring and GDP is growing, AND most people are facing declining economic prospects.
I’m a stranger on the Internet, so don’t put too much weight on my analysis. Check historically reputable resources and even then take their predictions with a grain of salt.
What is your personal hunch about where the real economy is going for the median family in Europe/US?
There’s been a recession start during every Republican presidency of my lifetime (I’m in my 40s). I predict that will continue and am planning my finances accordingly.