Life is a journey of continuous learning. Like an experienced doctor who can see the cause of a disease at a glance, Dalio has found the same core logic that has been interpreted over and over again in these many seemingly independent and unrelated events. By analyzing multiple cases at each economic stage and searching for commonalities, we can better envision and test their causal relationships, think about where crises come from and how to avoid risks. So that when the next crisis arises, we can better cope with it.
History is always strikingly similar, and the optimism in the US about beating inflation always comes a little too early. Thinking about this while reading the book, as someone who is preparing to immigrate to the United States, I am a bit worried about whether the future of the United States is optimistic?（Inflation Similar To The 1970s）
#money #inflation #America #USA #Economy #wealth
A smaller workforce will define the economy in 2024. In fact, it will be the key economic challenge the US faces for the foreseeable future. A shortage of workers will be hard on businesses, but for some consumers it also means they will always be able to find a job that can support their spending.
US GDP is projected to expand 2.1% in 2024 on a full-year basis, compared with 1% for the consensus of economist forecasts surveyed by Bloomberg. Goldman Sachs Research reaffirms its longstanding view that the probability of a US recession is much lower than commonly appreciated — at just 15% over the next 12 months; the main reason the world’s largest economy accelerated from 2022 to 2023 is that the impact of fiscal tightening and central bank rates hikes on GDP growth diminished sharply.
You can hope for a boring 2024 Yali 梁雅黎 Leung
Almost all projections do suggest that the US economy will be operating at its maximum sustainable output over the next five years, a soft landing included. However, avoiding a recession over a longer term is bound to monetary macro prudence.
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Facts do not cease to exist because they are ignored. Money is a machine for doing quickly and commodiously what would be done, though less quickly and commodiously, without it. All decent people live beyond their incomes, and those who aren't respectable live beyond other people's incomes.
Economic laws which aim at material progress as well as social harmony and moral advancement, should be formulated according to the laws of nature. There is no conflict between the laws of nature and laws of economics. The laws of nature are universal.
The US economy will maintain its leadership in the world market for many years to come thanks to the attraction of intellectual capital, technological development and effective government management. In any case, the competition with China will definitely be won by the USA. Ferguson was obviously wrong in predicting the victory of the Eastern civilization. At the same time, the USA has very high political risks, in particular, overloading the country with migrants of Russian origin, whose behavior is difficult to predict, as well as risks in the economy. First of all, it concerns the export of production, violation of environmental legislation, overheating of credit loans.
I consider this a rather optimistic forecast.
Галина Яківна Студінська It's interesting to hear your perspective on the future of the U.S. economy and its leadership in the global market. Indeed, the United States has long been a hub for intellectual capital and technological innovation, and effective government management can play a key role in maintaining that position.
USA will lead the economy for longer period then expected because just it care the productivity and respect for innovation no discrimination between its citizen and foreigner instead US protect and used them for long term giving them opportunity to be citizen there which is very difficulty in other country like China.
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