This can be attributed to growing confidence in the U.S. economy, which continues to surprise on the upside.
As recently as 2022, most monetary economists expected interest rates to remain in negative territory indefinitely.
There is no reason to assume that the U.S. economy will experience a major downturn this year or in 2024.
Economists' predictions that the world economy is headed toward a major slump in the coming year seem premature.
Rising interest rates and decelerating global growth should cause a continued decline in commodity prices.
Declaring a U.S. recession would depend on a chain of reasoning that has three important flaws.
In contrast to the stagflationary 1970s, the U.S. recovery since the pandemic-induced recession has been strong.
There are no heroes or villains, just some investors who will be able to weather their losses better than others.
“Witch hunt,” “black swan” and “exponential” all enjoyed widespread use. Often it was erroneous.
As Covid-19 continues its global march, the world is paying the price for some countries' negligent leadership.
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