Thursday, June 16, 2022 8:17:06 AM
But I'll address why we are not in an overheated economy by stating we are not at pre-pandemic economic levels. The unemployment numbers sound good but we have less employed then pre-pandemic. GDP is also not at pre-pandemic levels if you subtract the government component thus leaving private sector goods and services. It's easy for government to spend trillians and raise GDP and thus disguises true economic activity (a complaint I have of GDP.). Today you also have to consider world economy as no nation is independent-- every nation is interdependent on other nations. The world ecconomy simply can't be overheated with segments shutdown/locked down. Sortof ike removing a cars accelarator then saying you're at full speed at idle. Anyway, ecconomy is far from full capabilities so simply can't be overheated.
I'm not a financial advisor, THEREFOR, do not make any decisions, financial, investment or otherwise, based on any of the information, presented in any of my messages, WITHOUT undertaking independent due diligence and/or consulting a financial advisor.
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