Jun 14, 2024
What you are seeing is people getting paid more and CEOs a tiny bit less but shareholders doing great. Also, government spending was reduced in 2024, lowering the GDP from a robust Q4. Consumer spending remains strong and the US has been marked as a Superstar economy by the World Bank. We need corporate profits to recede if inflation is to be brought into the normal 2's where it is heading. You can't have your cake after you already ate it.