Stronger than expected momentum in the Biden economy just made Bank of America revise its recession forecast

Fortune ^ | 09/09/2022 | Will Daniel

[clearcarbon]

"They noted that U.S. gross domestic product growth is showing “underlying momentum” they hadn’t anticipated; the labor market remains hot despite the Fed’s tightening of financial conditions; and recent retail sales data shows consumer spending has “held up.”"

That's likely to change once the Strategic Petroleum Reserve is empty.

[pfflier]

I want our economy to do well no matter who occupies the White House,

No one will disagree with that.

The illusion they are creating here is that we are being told the economy is booming when absolute all indicators point to the opposite.

[napscoordinator]

Well everyone blamed him. Even made stickers all over the place. So now stickers are gone and he can crow. We as a collective did it.

[Allegra]

...kind of like the falling gas prices...people are easily manipulated.

Very. There are even Gullible Goosies all over FR.

There must be an election coming up. 😏