- Joined
- Jan 2, 2006
- Messages
- 28,174
- Reaction score
- 14,270
- Location
- Boca
- Gender
- Male
- Political Leaning
- Independent
It's entirely partisan. If Trump were in office you folks would be claiming this is the strongest economy in the history of the U.S.. While myself and other would counter this narrative by pointing to the data, it would be waved away in a frenzy of misinformation and attacks. This isn't the strongest economy in the history of the U.S.. However, it's the strongest economy we've seen in quite some time. Inflation has been stronger than anticipated... but so has the recovery. This is a good problem to have.No...you can't pass it off as just being partisan. It's been admitted that it's lasting longer than predicted by those who claimed it would be transitory.
With that said, i expect inflation to come in less than 4% by the end of 2022 and at the same time nominal GDP will slow down from 12% (2021) to 7% - 8%... and that's what 4% rGDP growth looks like: higher than usual inflation and exceptionally strong job growth (averaging 300k+ per month). Unless additional fiscal policy measures are put in place, rGDP growth will fall back into it's 2% - 2.5% range, as higher current inflation will create an income effect for fixed-rate borrowers at these extremely low rates that tapers off by 2025.