The U.S. economy is not crashing
The U.S. economy remains stable despite stock market fluctuations, with stocks up nearly 10% this year. Concerns about a slowdown arise from weak job growth, but indicators show no significant downturn.
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The U.S. economy is not experiencing a crash, despite recent stock market fluctuations. Noah Smith discusses the recent drop in stock prices, emphasizing that while there was a notable decline, stocks have rebounded and are still performing well overall. He highlights that stocks are up nearly 10% this year and 15.5% over the past year, indicating a strong market performance. The reasons behind the recent stock drop are unclear, but it may be linked to high valuations and global market reactions, particularly following interest rate hikes by the Bank of Japan. Concerns about a slowing U.S. economy have been fueled by disappointing job growth and manufacturing reports, leading to fears of a potential recession. However, Smith argues that the economic indicators do not suggest a significant downturn, and the economy remains relatively stable. He suggests that the Federal Reserve may need to consider cutting interest rates to support economic growth.
- The U.S. economy is not crashing, despite recent stock market volatility.
- Stocks are still up nearly 10% this year and 15.5% over the past year.
- Recent stock declines may be linked to high valuations and global market reactions.
- Concerns about a slowing economy stem from weak job growth and manufacturing data.
- Economic indicators do not suggest a significant downturn, indicating stability.
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10 commentsToo easy?
I think MAANG has much more value to lose and are probably headed for more rounds of layoffs. NVDA and SMCI are still way overvalued.
All by the way the product one of the worst administrations that the U.S. has ever had. Now that the layoffs also concern software developers, some people here might understand.
This is how the panic happens
But now I’m sitting on this cash, and like Matthew McConaughey says in wolf of Wall Street , they’re fucking addicted , so the next day I put some or all back into a new idea a new brainwave.. out of tech and into food production. Out of Walmart and into real estate.. who knows
But slowly the stimulus will unwind in equities, bonds, real estate …
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The US economy grew by 2.8% in Q2 2024, driven by consumer spending and business investment. Inflation is decreasing, but public sentiment is cautious due to high housing costs.
Fear of US recession rattles global markets as tech shares fall
Global stock markets fell sharply due to fears of a US recession after disappointing job data. The Nasdaq dropped nearly 3%, while Japanese equities faced their worst decline since 2020.
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