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18:54
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Originally posted by Load
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Same thing that pushed it up to its highest post GFC levels after the Feb correction. US economy is strong on paper anyway, its GDP is growing, earnings good. Recessions usually underscore crashes on Wall St, and that has yet to come, likely when the Fed pushed up interest rates too far or too quick. Remains to be seen what Trumps tariff policies do. The inverted bond yield curve is a very reliable indicator and has yet to hit the recession zone. Experts like Ray Dalio say this economic cycle has a few years to run yet.
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I read somewhere, I think the W/E Aus that in the past when the US unemployment figures reach 4% (as they have now) the FED has raised rates and caused a recession...this has always happened in history...I think it was Alan Kohler or something..
