Dr. Jeff on Nostr: I am unchanged on my view of economic strength and monetary support of most ...
I am unchanged on my view of economic strength and monetary support of most international (ex-US) economies.
Regarding my pessimism of the US economy based on the abrupt regime change... I think that the effects were amplified by the recent US dollar surge into mid-January... that markets have now reached bearish extremes... that the US economy is strong enough to not fall into a sustained recession despite the withdrawal of fiscal support... and that economic surprises will predominantly be to the upside going forward.
Regarding my pessimism of the US economy based on the abrupt regime change... I think that the effects were amplified by the recent US dollar surge into mid-January... that markets have now reached bearish extremes... that the US economy is strong enough to not fall into a sustained recession despite the withdrawal of fiscal support... and that economic surprises will predominantly be to the upside going forward.