The development of the US economy in the next year has basically been sentenced to "death penalty" by economists. According to media reports, a team composed of Bloomberg chief economist has established a latest model data and used 13 macroeconomic and financial indicators to predict the US economy. The results show that in the next several periods, the probability of a recession in the US economy continues to increase, and it is a foregone conclusion that it will fall into a recession in the next 12 months. That is to say, during this period, the US economy will experience a recession of 100%.
is not only an economist, but also an industry insider in the economic industry generally believes that it is only a matter of time before the US economy falls into recession. JP Morgan CEODimon has warned that the European economy has fallen into a very serious recession, and this adverse factor may be transmitted to the United States in 6 to 9 months, and the U.S. economy will enter a recession early next year. Griffin, CEO of the world-renowned hedge fund Castle Group, believes that the US economy may fall into recession as early as next year. Although the Federal Reserve continues to implement the tightening monetary policy, it cannot curb inflation, and an economic recession is inevitable.
is different from the pessimistic stance of economic people. US President Biden expressed optimism about the US economic situation. In an exclusive interview with US media, Biden said that the US economy will not experience a recession, and even this situation will be very minor. Some analysts believe that Biden's indicators for judging the US economic situation are probably only employment and unemployment. According to data released by the U.S. Department of Labor, the U.S. non-farm employment increased by 263,000 in September, with the unemployment rate of 3.5%, the lowest in two years.
In fact, the employment population in the United States is increasing, but the overall size of the working population of appropriate age is shrinking. Affected by the epidemic, some people have lost their ability to work and are forced to withdraw from the labor market, while others have voluntarily withdrawn because the labor market is not attractive and the government has assistance and subsidies. None of the above situations can be directly linked to the development situation of the US economy. If Biden uses employment and unemployment data to judge the future development trend of the US economy, it is obviously not scientific enough, and the predictions made from this are more difficult to be accurate.
In order to cover up the bad economic situation, Biden repeatedly spoke out to defend himself, and even though he was slapped in the face by reality, he did not shake his position. According to a report released by the U.S. Department of Labor, the U.S. core consumer price index (CPI) has risen by 0.6% month-on-month for two consecutive months, and it has risen by as high as 6.6% year-on-year, the highest level since 1982. Once this report was issued, it immediately caused heated discussion among the American people. Many people complained that prices have skyrocketed, resulting in great pressure on life, and many people can only rely on small savings and credit cards to make a living.
As the elected president of the United States, what Biden should do most at this time is to calm the people, solve the inflation problem, and alleviate the pressure on life of the American people, but he responded "strangely" on social media. Biden claims that Americans have been suffocated by the cost of living, and have been like this for many years, and they do not need special reminders to report. Biden said that a key reason for his campaign for president is that he is committed to gaining more breathing space for middle-class families so that they can handle the cost of living, which is very important. Biden's words obviously blamed the ex for the cost of living. It can be seen that he does not care about the living conditions of the lower class, and the cost of living in the middle class has not been properly resolved.
says Trump boasts first-class kung fu, and Biden is not inferior in this regard. Biden once publicly stated that he was the US president with the best political achievements in modern times. He exceeded his mission within two years, fulfilled his campaign promises, and said that the vast majority of Americans were satisfied with his work performance.
Facts are better than words. In the past two years, the American people naturally have a scale in their hearts. No matter how Biden defends himself, a series of economic problems such as high oil prices and inflation are in sight and have not been effectively resolved. The midterm election is coming, and the votes in the hands of Americans will give Biden a suitable score.
