Government stimulus for consumers navigating the Covid-19 economy is ending. The Federal Reserve is about to begin raising short-term interest rates and has been curtailing its bond purchases, increasing long-term rates, all to fight inflation. Even with a rapid GDP growth rate, it’s no stretch to look ahead to the next recession.
When you think about the waste and unfairness of the U.S. system, it’s shocking that it’s been the cleanest shirt in global laundry. Our system, for all its faults, enables individuals to create and profit from companies that literally change the world and dominate its internet and technological systems. That’s how bad other countries’ economic, civic, criminal and defense systems are.
But maybe the Republican-Democrat Regime, the banking system and the Federal Reserve pushed our clean-shirt advantage too far with all the waste listed above. If the economy has benefitted from the bubbled-up valuations, then the economy will hurt from a downturn in valuations. The economy is probably following the markets and not the other way around. So going back to the Kurtzweil Rate of Change being so quick, if and when these markets do get a chance to reset and we get back into a growth phase, it will be the markets that turn up first, not vice versa.
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