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General Investing and Economics Discussion - No Politics
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<blockquote data-quote="Deleted member 2897" data-source="post: 798121"><p>More signs the economy is firing on all cylinders.</p><p></p><p>Goldman Sachs' current GDP estimates <span style="font-size: 9px">(<a href="https://www.forexlive.com/news/!/goldman-sachs-2021-us-gdp-forecasts-are-huge-q2-is-11-20210312" target="_blank">https://www.forexlive.com/news/!/goldman-sachs-2021-us-gdp-forecasts-are-huge-q2-is-11-20210312</a></span>):</p><ul> <li data-xf-list-type="ul">Q1 5.5%</li> <li data-xf-list-type="ul">Q2 11.0%</li> <li data-xf-list-type="ul">Q3 8.5%</li> <li data-xf-list-type="ul">Q4 6.0%</li> </ul><p>That is rocket ship growth.</p><p></p><p>Tax revenue through the first half of this fiscal year (Oct-Mar) came in at an all time record of $1.7T. Thats up almost 50% from 1 decade ago. That's a massive amount of cash rolling in.</p><p></p><p>The majority of the states' unemployment numbers are actually flashing warning signs for overheating <span style="font-size: 9px">(<a href="https://www.bls.gov/web/laus/laumstrk.htm" target="_blank">https://www.bls.gov/web/laus/laumstrk.htm</a>)</span>. And that's really the big worry here - most every asset class is in Tulip Craze zone. How do you cool things off without crashing the economy? Going back several decades, the issue we've always run into is overprinting money, holding interest rates artificially low, overheating the economy, and then we increase interest rates and the economy tanks.</p></blockquote><p></p>
[QUOTE="Deleted member 2897, post: 798121"] More signs the economy is firing on all cylinders. Goldman Sachs' current GDP estimates [SIZE=1]([URL]https://www.forexlive.com/news/!/goldman-sachs-2021-us-gdp-forecasts-are-huge-q2-is-11-20210312[/URL][/SIZE]): [LIST] [*]Q1 5.5% [*]Q2 11.0% [*]Q3 8.5% [*]Q4 6.0% [/LIST] That is rocket ship growth. Tax revenue through the first half of this fiscal year (Oct-Mar) came in at an all time record of $1.7T. Thats up almost 50% from 1 decade ago. That's a massive amount of cash rolling in. The majority of the states' unemployment numbers are actually flashing warning signs for overheating [SIZE=1]([URL]https://www.bls.gov/web/laus/laumstrk.htm[/URL])[/SIZE]. And that's really the big worry here - most every asset class is in Tulip Craze zone. How do you cool things off without crashing the economy? Going back several decades, the issue we've always run into is overprinting money, holding interest rates artificially low, overheating the economy, and then we increase interest rates and the economy tanks. [/QUOTE]
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