Posted on 12/19/2023 5:29:43 AM PST by davikkm
A recent Congressional Budget Office (CBO) report has cast a shadow over the U.S. economic landscape, predicting a rise in unemployment from the current 3.9% to 4.4% by the end of 2024. This sobering forecast suggests potential job losses for approximately 7.4 million Americans, highlighting the precarious nature of the workforce amidst a contracting gross domestic product (GDP).
The CBO attributes the anticipated increase in unemployment to economic adjustments and policy shifts. As the nation grapples with these changes, weaker consumer spending is expected into the next year, along with a contraction in nonresidential investment. These factors are projected to lead to a deceleration in the economy, with real GDP growth slowing down from 2.5% this year to 1.5% in 2024.
(Excerpt) Read more at citizenwatchreport.com ...
Assuming no one in the media will mention this until the day after the election.
Audit their data.
and yet the stock market is melting upwards. What is going on?
This is what the fraud regime and it’s counterparts have all been working toward and waiting for.
Trump’s fault baked in. They’ll announce it so after the election.
No economist here but I have an idea.
Government is printing money and they could probably delay the recession by massively printing more, this makes stocks rise temporarily . Yet recession will surge again if they do (I guess they could drop the interest rate as well but again that causes inflation).
Sleepy Joe doesn’t care a whit about the country , you or me. He wants power. He doesn’t care if we get 10% inflation etc.
But voters do which puts poor Joe in a difficult spot; Lose voters due to a recession or inflation. What to do?
Don’t you feel sorry for him?…me neither.
I believe all the small businesses going out of business have their customers going to the big businesses. Also, USA is the best of the worst to invest…
More Americans must work and Seniors will take a big cut to pay for the democrats Illegals
Just imagine what the REAL numbers are...
Bad News = Good News to the market
Slowing economy means rate reduction, future pullout
Soft landing supposedly
That’s the Kool Aid that moon faced Yellen feeds them
“and yet the stock market is melting upwards. What is going on?”
Companies are making money. Citizens who know what they are doing have cash, plenty of it. They have equity in their homes and low-interest payments. Citizens who don’t know how to prosper aren’t, and there are a lot of them too. Some of them are content to barely scrape by and not really work, just float around boondocking and part-timing their way to oblivion. I know some of them, of all ages. Their goal is to goof off, period. When they get old they will have to be cared for because they will have nothing.
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