Posted on 04/09/2021 8:40:03 AM PDT by SaxxonWoods
The economy is just starting a boom period, where second quarter growth could top 10%, and 2021 could be the strongest year since 1984. The second quarter is expected to be the strongest, but the boom is not expected to fizzle, and growth is expected to be stronger than during the pre-pandemic into 2022. A period of supercharged growth is just starting, and it is showing up in surging consumer spending and in an increasing shortage of skilled workers. With surging demand could come inflation, something the economy has avoided for more than two decades.
(Excerpt) Read more at cnbc.com ...
The markets are looking strong and hopefully they and the economy gain strength over the next several years.
A boom based on the government raining trillions from heaven.
This “boom” will include a lot of price inflation.
Once democrats raise taxes on EVERYBODY and on ALL BUSINESSES, companies and people will have less money to spend, and then, NO MORE BOOM.
The BOOM, if there is to be one, will depend upon leaving the Trump tax cuts in place, and leaving the cuts in regulations in place.
There’s going to be a lot of use of the word “unexpected” for the next 4-years as newsreaders struggle to explain why the economy is crashing in spite of spiked corporate tax rates.
The MSM will try to convince you that inflation creates wealth.
Delusional; inflation will kill us.
Same thing happened before the last economic downturn. Big gov spending, heated up stock market, then a crash. From what I have read, the stock market will look really good for the next 18-24 months then the bottom will fall out. Difference this time is that the gov spending is so much more than ever before, no one is exactly sure how bad it is going to be, other than worse than we've seen in generations.
We ordered some new furniture 2 months ago and was told by the store we would not get it until August or Sept.
The store said sales have been so strong the factory cannot keep up with orders.
We need a new roof on our office building. I called I don’t know how many contractots. Most never returned my call and if they did they are booked up until Fall.
People saved up 2 trillion over the last year and are now itching to spend it.
Since 1984? Arrrrgh! The irony! It burns...!
Not if Biden taxes companies out of existence
Has there ever been a “lasting” boom?
I mean since the one in 1929...
Micro view: Taxes increases. Inflation increases. Your paycheck buys less. Your freedoms erode. Government controls your every move. Unless you are friends of Rats.
Combined views: Booms always leads to crashes.
I find this hard to believe. The only reason the economy would prosper is because corporate CEOs have their party in charge, and crony capitalism is going full bore.
The debt, the budget, personal debt, unemployment, fuel costs, and you want me to believe that makes a sound economy? Nope.
Bingo on that. 2020 caused a lot of people to put off purchasing. Now that the country is coming out of the lockdowns, there is a lot of pent up demand that is driving the economy. This will cause a boom, but when biden’s taxes kick in, the boom will bust.
Yep, the central planners will fudge most of the economic data with the word “unexpected” appearing like dandelions in spring time.
The economy is just starting a boom period 477 thousands file for unemployment.
Second quarter growth could top 10% just as soon as we get the illegals in the work force and the higher taxes will pay for all the welfare for those who wish not to work and the baby factories.
I don’t trust the “several years” part of this.
There’s a lot of pent-up demand due to Covid. But that makes for a bubble, not sustained growth.
I knew all the prosperity haters would show up quickly.
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