I fear the tightening liquidity, especially through balance sheet shrinkage is going to be the serious impediment to maintain growth going forward. One need only look at the survey data to recognize that activity is slowing and ultimately, the trailing data will follow.
Why would pre-pandemic trend be the goal of the US economy going forward? Isn’t it possible to assume that pre 2008 trend is achievable? There is -I think- a risk: to underestimate the true potential of the most innovator, creative and productive major economy. Regards & Thanks for Apricitas
I fear the tightening liquidity, especially through balance sheet shrinkage is going to be the serious impediment to maintain growth going forward. One need only look at the survey data to recognize that activity is slowing and ultimately, the trailing data will follow.
Why would pre-pandemic trend be the goal of the US economy going forward? Isn’t it possible to assume that pre 2008 trend is achievable? There is -I think- a risk: to underestimate the true potential of the most innovator, creative and productive major economy. Regards & Thanks for Apricitas