Heard a lot of gloom doom about impending recessions lately, but posted this as a reply to someone else, but Id like to get everyones take if my (decidedly rosy) perception and prediction of things at a macro level is an atleast plausible take of the American economy:
The US is undertaking massive structural modifications that help the country exclusively and particularly for itself. The trade deals as they are being renegotiated are ALL more beneficial to American producers than they were. China is floating buying $1 trillion dollars of US products and cut the trade deficit to 0 by 2024: https://www.bloomberg.com/news/articles/2019-01-18/china-is-said-to-offer-path-to-eliminate-u-s-trade-imbalance The US job market is on fire, baby boomers are finally retiring and not coming back to the workplace so unemployment will stay low, decreased corporate taxes help the general employment rate and reduced regulations help as well. Tariffs are good for US manufacturing, which has soared by hundreds of thousands of jobs in 2 years. So all of this to say, the future FOR AMERICA looks quite bright and optimistic, by design, and the rest of the worlds woes are partially a result of this rebalancing of the scales. When a relatively rich nation of 350 million people and every conceivable industry decides or is forced to (through tariffs) be self sufficient and even the trade scales, there isnt much stopping its success. Just look at american oil for example, America is now the number one oil producer in the world. More than Saudi Arabia, more than Russia, etc. So Im not afraid at all of buying heavily American indexes like the S&P.
Submitted February 01, 2019 at 09:26PM by Chrismeyers2k1 http://bit.ly/2TqhCFS
