Interested in your opinions.
“With central banks forced to increase interest rates in an effort to restore price stability, zombies are experiencing sharp increases in their debt-servicing costs.”
Once the Zombie-slaying and (inevitable?) recession gets going, will social mood allow for continued central bank hiking and tightening?
There, the Fed‘s QTing is actually (somewhat) discernible now:
If the inflection point approaches the US 2024 circus, will the party in power (ambiguous as that is) try to explain macroeconomics to the mob or try to re-write reality?
[quote=“OrmontUS, post:3, topic:83044, full:true”]
If the inflection point approaches the US 2024 circus, will the party in power (ambiguous as that is) try to explain macroeconomics to the mob or try to re-write reality?Jeff [/quote]
They’ll do what they always do. Talk about “faith”, guns, gays, Mexicans, ya know. And whatever else is getting “ratings.”
Honest Jeff, I am still very bullish on 2024.
For the Millennials there might not be a recession just a good buying opportunity in 2023.
Yes Lets not get recession/the economy confused with whatever the stock market is doing. They are not twins. More like cousins. By 2024 everything will be turning around if it hasn’t already. The market has already been negative for a year (well, in a few more weeks). It’s only been negative more than 2 years in a row (in the modern era) twice. 1929-1932 and 2000-2002. Even the economic crisis of 2008 couldn’t keep it down more than a year. Yes, I think Roubini is getting a little hand-wringy