Peter McClard
Jun 14, 2024

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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.

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Peter McClard
Peter McClard

Written by Peter McClard

As a creative type, entrepreneur and philosopher, I write on many topics and try to offer solutions to, or useful insights into common problems.

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