No. of Recommendations: 2
“the US economy is on the brink of collapse and everyone knows it”
Lets revisit what I said:
Inflation in Trumps first three months was higher than in the last three of Bidens.
Q1 also saw a drop in GDP (usually takes two quarters of this before a recession call though).
-> The US economy is teetering on the edge right now, and other countries know it.
Implied but not stated is "recession". I have no idea where the "everybody knows it" came from. I am not sure how technically a "collapse" differs from a recession, but it sure sounds worse.
You believed the lack of an interest rate change by the fed implied they were not worried about recession, but OTOH, the fed specifically stated they remained unchanged due to the concern over inflation.
Alan
