20 min
Is the Economy Really Strong? KP Talks Dollars and Sense
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- Investing
The jobs report has been making waves, with 303,000 new jobs added. Fed's mandate isn't just about job creation but a balance between inflation, price stability, and full employment. Fed's moderate long-term interest rate mandate is at 2.5% of our GDP. It's a balancing act like no other, and the stakes couldn't be higher.Cathie Wood expects by 2050, net interest could soar to a jaw-dropping 6% of our GDP. That is not sustainable! Wage inflation dropped from 4.3% to 4.1% year-over-year a...
The jobs report has been making waves, with 303,000 new jobs added. Fed's mandate isn't just about job creation but a balance between inflation, price stability, and full employment. Fed's moderate long-term interest rate mandate is at 2.5% of our GDP. It's a balancing act like no other, and the stakes couldn't be higher.Cathie Wood expects by 2050, net interest could soar to a jaw-dropping 6% of our GDP. That is not sustainable! Wage inflation dropped from 4.3% to 4.1% year-over-year a...
20 min