RSS SubscribeGoldman Cuts US Recession Risk Following Retail Sales, Jobs Data
By Alan Goldstein – Bloomberg
Goldman Sachs Group Inc. economists lowered the probability of a US recession in the next year to 20% from 25%, citing this week’s retail sales and jobless claims data.
If the August jobs report set for release on Sept. 6 “looks reasonably good, we would probably cut our recession probability back to 15%, where it stood for almost a year” before a revision on Aug. 2, the Goldman economists led by Jan Hatzius said in a report to clients on Saturday.
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The idea that Biden’s administration caused the current bout of inflation the Fed is fighting, and winning, is complete nonsense.
https://aheadoftheherd.com/what-and-who-caused-the-inflation-the-fed-is-currently-fighting-richard-mills/
#Inflation #index #SoftLanding
As I proved in the above article.
The last days of Trump’s admin saw inflation of 6.2%, Trump was responsible for the budget/deficit Biden faced for his first year in office.
So far the Fed has done an admirable job and the US has not entered a recession. And won’t. Say it out loud – soft landing.
Instead the Fed can start easing, interest rates come down, bond yields and the dollar collapse and PM’s and commodities will soar.
We are entering a commodities super-cycle because of structurel deficits on the supply side pushed by the tailwinds of lower interest rates, a weaker dollar and increased demand.
Copper has broken out again, iron is holding, gold and silver already doing well will soar higher. The dollar has collapsed to 100.68
Still time to find a handful of PM and copper juniors trading for pennies and finance them. Life is good.
Ban shredded cheese. Make America grate again.
Rick