Many predicted a Biden recession - instead we got a solid and growing economy

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Cypress

Well-known member

Economists have 'really had it wrong' about recession, market strategist says​

"Two years ago ... 3 out of 4 economists were saying we're going into a recession," David Zervos, chief market strategist for Jefferies LLC, said during CNBC's Financial Advisor Summit on Tuesday. "They've really had it wrong."

The economy is still growing and inflation has come down, he said.

The Fed's preferred measure of inflation stood at 2.3% in October, or 2.8% when excluding food and energy prices, according to the latest reading. Meanwhile, the fourth quarter is on track to post a 3.3% annualized growth rate for gross domestic product, the Atlanta Fed found.

The Federal Reserve is expected to cut interest rates by another quarter point at the conclusion of its two-day meeting next week.

Last week, Fed Chair Jerome Powell praised the U.S. economy and said it provided cushion for policymakers to move slowly as they recalibrate policy.

By most indicators, 2025 is going to continue in a positive direction, Barbara Doran, CEO of BD8 Capital Partners, said during the CNBC Financial Advisor Summit.

"Economic growth is going to be healthy next year," Doran said. "The prognosis is good."


www.cnbc.com

Economists have 'really had it wrong' about recession, market strategist says

David Zervos of Jefferies and Barbara Doran, CEO of BD8 Capital Partners, weigh in on the likelihood of more Fed rate cuts to come at CNBC's FA Summit.
www.cnbc.com www.cnbc.com
 
Cypress said:

Economists have 'really had it wrong' about recession, market strategist says​

"Two years ago ... 3 out of 4 economists were saying we're going into a recession," David Zervos, chief market strategist for Jefferies LLC, said during CNBC's Financial Advisor Summit on Tuesday. "They've really had it wrong."

The economy is still growing and inflation has come down, he said.

The Fed's preferred measure of inflation stood at 2.3% in October, or 2.8% when excluding food and energy prices, according to the latest reading. Meanwhile, the fourth quarter is on track to post a 3.3% annualized growth rate for gross domestic product, the Atlanta Fed found.

The Federal Reserve is expected to cut interest rates by another quarter point at the conclusion of its two-day meeting next week.

Last week, Fed Chair Jerome Powell praised the U.S. economy and said it provided cushion for policymakers to move slowly as they recalibrate policy.

By most indicators, 2025 is going to continue in a positive direction, Barbara Doran, CEO of BD8 Capital Partners, said during the CNBC Financial Advisor Summit.

"Economic growth is going to be healthy next year," Doran said. "The prognosis is good."


www.cnbc.com

Economists have 'really had it wrong' about recession, market strategist says

David Zervos of Jefferies and Barbara Doran, CEO of BD8 Capital Partners, weigh in on the likelihood of more Fed rate cuts to come at CNBC's FA Summit.
www.cnbc.com www.cnbc.com
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Not compared to the last 250 years of America, Shitbaggio.
Go fuck yourself with the biggest cactus you can find, k?
 
Recently Fed debt increased a half trillion dollars in just three weeks.....which is what drives this mirage economy.
 
Cypress said:
:lolup: :lolup: Completely triggered :cuss: when confronted with Biden's economic record.
Click to expand...
You left this part out, you dishonest dumbass:
Cypress said:
Cypress said:

Economists have 'really had it wrong' about recession, market strategist says​

"Two years ago ... 3 out of 4 economists were saying we're going into a recession," David Zervos, chief market strategist for Jefferies LLC, said during CNBC's Financial Advisor Summit on Tuesday. "They've really had it wrong."

The economy is still growing and inflation has come down, he said.

The Fed's preferred measure of inflation stood at 2.3% in October, or 2.8% when excluding food and energy prices, according to the latest reading. Meanwhile, the fourth quarter is on track to post a 3.3% annualized growth rate for gross domestic product, the Atlanta Fed found.

The Federal Reserve is expected to cut interest rates by another quarter point at the conclusion of its two-day meeting next week.

Last week, Fed Chair Jerome Powell praised the U.S. economy and said it provided cushion for policymakers to move slowly as they recalibrate policy.

By most indicators, 2025 is going to continue in a positive direction, Barbara Doran, CEO of BD8 Capital Partners, said during the CNBC Financial Advisor Summit.

"Economic growth is going to be healthy next year," Doran said. "The prognosis is good."


www.cnbc.com

Economists have 'really had it wrong' about recession, market strategist says

David Zervos of Jefferies and Barbara Doran, CEO of BD8 Capital Partners, weigh in on the likelihood of more Fed rate cuts to come at CNBC's FA Summit.
www.cnbc.com www.cnbc.com
www.cnbc.com

Economists have 'really had it wrong' about recession, market strategist says​

David Zervos of Jefferies and Barbara Doran, CEO of BD8 Capital Partners, weigh in on the likelihood of more Fed rate cuts to come at CNBC's FA Summit.
www.cnbc.com
www.cnbc.com
Click to expand...
Click to expand...
Not compared to the last 250 years of America, Shitbaggio. No, it has not been better lately.
You fucking retard. I got Polo shirts older than you, I bet.
 
Trump inherited great circumstances for both of his terms.

Unlike Dems, who consistently inherit crashes, recessions and major job losses from Republicans.
 
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