Fairy Tales Can Come True: Inflation, GDP, and Jerome Powell
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- Опубліковано 10 лип 2024
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It doesn’t take a recession to bring down inflation to the Fed’s target! “Immaculate disinflation,” widely dismissed as a fairy tale, has come true. In fact, the current economic picture is enchanting, with GDP growth remaining robust, inflation moderating, unemployment remaining low, and consumer spending holding up even as pandemic-era saving depletes. The fairy dust that’s enabled this ideal economy: productivity growth, three quarters strong and counting. … Fed Chair Powell now faces the high-stakes decision of when to lower the federal funds rate. Too soon risks stimulating asset bubbles. Too late risks overly restrictive real interest rates now that inflation is down.
I like that Ed has the charts with the numbers to back up his macro views. Thanks for doing this Ed.
Ed-I agree with your 5,400 YE target. So many advisors were bearish last year, predicting a recessions in 2022 and 2023. It is so odd that yields have been inverted for so long.
And why 5400 in particular? I can see it easily judging by the trendlines, but you guys must be taking much more into consideration? And I do agree with whatever it is Ed says, most of his calls are unbelievably good.
Ok I did the YR reading for this week, it's not made up:) So as in 2023 I'd assume there will be lots sell orders ready around this level
Just missed the live show. I have to put in calendar for future. Your 5,100 prediction may be hit soon if no severe correction occurs.
This was great, thank you
5,400 YE Target is fantastic. We are only in early February. Its 4,958.
Do you expect another Mar/Apr 2020 in stock market?
If I remember correctly, you said before that Bull market has already started in Oct 2022, and we have been having recession in different sectors in cyclic order, that affected/will affect lightly, do you still stand on that statement.
Yes...I think that forecast has worked out rather well.
*Re: Odyssey Of ROI*
You remove the supreme council and you remove the problem. This problem has been left to "metastasize" far too long.
*_33:57_*
You wonder whether the traders on wall street understand what the conventional term for broad market opportunities mean. As always, I'm ecstatic they were able to celebrate and eat their cake today regarding meta. Buy backs and a dividend announcement? That's conspicuous. Where on earth did that originate from?
Regards -
Rich richer - Poor poorer... got it
More opprobrium will be coming your way from Lacy Hunt, David Rosenberg and Jeffrey Gundlach. Do you fear getting called out?