POSI’s Post

Incumbent US President Joe Biden is not being given credit for the improvement in the US economy. The average economist surveyed by FactSet has upgraded their estimate of 2023 GDP growth to 2.4% from a low of 0.3% a year ago. Similarly, the outlook for 2024 GDP has improved to 1.3% from a recent low of 0.6%. Despite the improving outlook, President Biden’s approval rating (from RealClearPolitics) has fallen below 40%, bucking the historical trend of an improving economy leading to re-election of the President. I love a good chart by Martin Crabb, Chief Investment Officer at Shaw and Partners.

Incumbent US President Joe Biden is not being given credit for the improvement in the US economy. The average economist surveyed by FactSet has upgraded their estimate of 2023 GDP growth to 2.4% from a low of 0.3% a year ago. Similarly, the outlook for 2024 GDP has improved to 1.3% from a recent low of 0.6%. Despite the improving outlook, President Biden’s approval rating (from RealClearPolitics) has fallen below 40%, bucking the historical trend of an improving economy leading to re-election of the President. I love a good chart by Martin Crabb, Chief Investment Officer at Shaw and Partners.

Incumbent US President Joe Biden is not being given credit for the improvement in the US economy. The average economist surveyed by FactSet has upgraded their estimate of 2023 GDP growth to 2.4% from a low of 0.3% a year ago. Similarly, the outlook for 2024 GDP has improved to 1.3% from a recent low of 0.6%. Despite the improving outlook, President Biden’s approval rating (from RealClearPolitics) has fallen below 40%, bucking the historical trend of an improving economy leading to re-election of the President. I love a good chart by Martin Crabb, Chief Investment Officer at Shaw and Partners.

The fiscal policies implemented during the pandemic recession helped individuals and firms survive some of the most perilous times in more than a century and helped keep the economy going during the recession. However, many individuals could not spend the funds due to lockdowns and supply chain disruptions, pushing the personal savings rate higher than 30% during the early stages of the pandemic. Click here to read an in-depth analysis of the economy post-pandemic: https://bit.ly/49XXQrS

The U.S. #economy continues to grow, albeit at a cooler rate than earlier phases of the recovery. A key question lingers: How cool will the economy get? #Economists have struggled to answer this question: They have both overestimated short-term prospects and underestimated long-term prospects. While it’s true that robust demand for workers and strong consumer finances are among tailwinds bolstering growth, it’s nevertheless prudent to be mindful of the warning signs that the economy could eventually tip into #recession. To reiterate, consumer finances remain strong. But they’re not as strong as they were earlier in the recovery. And it shows in the data. More here: https://lnkd.in/e_J82Fjm

Gain valuable insights into the current state of the economy. Our analysis delves into crucial aspects such as GDP, employment, and Federal Reserve policy. Check out the latest edition.

Gain valuable insights into the current state of the economy. Our analysis delves into crucial aspects such as GDP, employment, and Federal Reserve policy. Check out the latest edition.

Gain valuable insights into the current state of the economy. Our analysis delves into crucial aspects such as GDP, employment, and Federal Reserve policy. Check out the latest edition.

Gain valuable insights into the current state of the economy. Our analysis delves into crucial aspects such as GDP, employment, and Federal Reserve policy. Check out the latest edition.

Gain valuable insights into the current state of the economy. Our analysis delves into crucial aspects such as GDP, employment, and Federal Reserve policy. Check out the latest edition.