Re-Posting -- Risk Of Recession -- For Those Living Under A Rock, This Is A Biden-Harris-JPow Economy -- July 26, 2024

Locator: 48240ECONOMY.

For those living under a rock, this is at the four-year mark of the Biden-Harris-JPow economy. 

Updates

Later, 12:08 p.m. CDT, from The New York Times --

Later, 11:52 a.m. CDT: in response to economic data today -- certainly doesn't look like the market is pricing in a recession -- but we certainly hear a lot about a hard landing ... again, this is a Biden-Harris economy.

Reality: Most Recent GDP

According to the pundits, we should be in a deep recession by now -- but --

What We Were Thinking

As far back as 2022, link here: wow, was I wrong -- I must have been drinking the Kool-Aid --

Re-posting from 2019.

One of my pet peeves is all the talk over the years about the risk of recession. We haven't heard that -- "risk of recession" in quite some time -- thank goodness -- but I'm sure it will pop up again, sooner or later.

But not today.

Growth in GDP? MUCH MORE THAN EXPECTED!!

Wow, talk about a Goldilocks economy.

From The WSJ:

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Historic 

Link here. Practically as good as it gets.

"Everyone" it seems "demands" that the Fed remain true to its word -- to follow the data. And,  yet, it appears, individual investors often don't follow the data at all. Many "investors" seem to confuse politics with investing.

Is anyone paying attention? 51 months of expansion and a Goldilocks economy, exactly overlaps the Biden administration.