I’m worried that pandemic policy induced short-term savings and wealth increases are disappearing under a new wave of credit card debt and default, leaving major cracks in the economy that may yet produce a recession. Couple this with the net effect of either forgiving or restarting college loan replacement and there are more hidden cracks in the foundation. Throw in military spending for Ukraine, the Middle East and immigration costs in cities like New York and Chicago, and the housing slowdown and there are some real omens looming on the 2024 horizon, another critical election year. Hopefully, low oil prices and AI enhancements will reduce some of that pressure. Great year of writing! You’ve earned a STEMBA from the school of life.
I’m worried that pandemic policy induced short-term savings and wealth increases are disappearing under a new wave of credit card debt and default, leaving major cracks in the economy that may yet produce a recession. Couple this with the net effect of either forgiving or restarting college loan replacement and there are more hidden cracks in the foundation. Throw in military spending for Ukraine, the Middle East and immigration costs in cities like New York and Chicago, and the housing slowdown and there are some real omens looming on the 2024 horizon, another critical election year. Hopefully, low oil prices and AI enhancements will reduce some of that pressure. Great year of writing! You’ve earned a STEMBA from the school of life.