Posted on 11/15/2023 8:33:44 AM PST by ChicagoConservative27
Instead of a repeat of the “Roaring 20s” from a century ago, this decade is now looking more like a no-recession 1990s boom economy, according to UBS Global Wealth.
For a brief patch in 2021, markets were awash with talk of another “Roaring 20s” playing out. But that bullishness faded as inflation climbed above 5% and the Federal Reserve pivoted away from talk of “transitory” inflation to warning of the risks of it becoming trenchant.
Then came the rate shocks of 2022, which left the S&P 500 SPX with a 19.4% loss, its worst yearly losses since 2008. The roughly $25 trillion Treasury market also saw historic losses.
“Fast-forward two and half years, investors are instead trying to make sense of an economy that grew 4.9% in 3Q, despite the Federal Reserve hiking rates 525 basis points since March 2022, and Treasury yields reaching their highest level in 16 years,” a team led by Jason Draho, head of asset allocation, chief investment office Americas, of UBS Financial Services Inc., wrote in a new client note.
(Excerpt) Read more at marketwatch.com ...
During Clinton’s time the computer, Internet, software and Cell phone markets were being established. We will never see anything like that again.
It was tech, not a POTUS.
This is just verbal vomit for the ignorant masses.
I’m not going to hold my breath.
It's amazing how much better the economy is when people work and make more money instead of sitting on their butts collecting welfare.
Oh come now....Joe’s got offshore wind, solar, EVs all going hot hot hot.
Boomtime baby !
BOTH residential and commercial real estate ARE CRASHING RIGHT NOW
LOL!! You mean that middle-class tax cut that Clinton promised while campaigning, but reneged on once he was elected?
“ It was tech, not a POTUS.”
And look how bad tech has gotten us.
The newest fad for schools and business is phone service through internet service. Loose the internet and your phones are down.
Ive known of many schools and business that have almost weekly failures resulting in zero communication.
Really bad ideas promoted as the latest and greatest!
Bill Clinton didn't create a boom. Bill Clinton selfishly starting printing money to fund his pet projects and destroyed the value of the dollar and our economic superpower status.
Don't believe me? Research Mexican Peso Crisis, quantitative easing, and correspond that to a chart of the S&P. If you print money the market artificially inflates.
Bill Clinton (and each president after him) destroyed America economically by keeping the practice going. Bill Clinton was the moment the adults no longer ran America.
Uh, we don’t make anything anymore. Unless we start up again, nothing will change.
Can’t make Hillary President without rehabilitating Bent Bill’s dirty dingus!
Don’t rule out a Bill Clinton-style 1990s BUST........................
That and 90 cent gasoline.
Clinton’s boom was due largely to the internet being made public... certainly wasn’t any of his economic policies.
I did find it odd that EXXON is going in on lithium batteries. Apparently they believe this lithium find in Arkansas will give them an advantage, and that there will be a market for EV’s.
There will be, but small in the end. Evidenced by auto manufacturers scaling down EV resources.
It’s worth a small investment,imho, but I wouldn’t put big bucks behind it.
Don’t rule out. Could be. Might happen.
Economists are like climate change scientists. They make worthless predictions, and get paid big bucks for doing so.
I just got my Magic 8-Ball back from the cleaners. I can’t decide if I’m going to be an economist or a climate change scientist. Maybe I’ll do both.
We had better demographics back then. The Baby Boomers were in their prime during the ‘90s.
Funny how they start predicting this right before an election.
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