Thursday, April 15, 2021

How Long Will The U.S. Economy Continue To Grow?

FILE PHOTO: American flags hang from the facade of the New York Stock Exchange (NYSE) building after the start of Thursday's trading session in Manhattan in New York City, New York, U.S., January 28, 2021. REUTERS/Mike Segar/File Photo  

CNBC: The economy is running on a stimulus-fueled caffeine high. What will happen when it wears off? 

* The U.S. economy is widely expected to show its biggest growth this year since 1984. 

* But once the drivers of the growth, primarily government spending and the pandemic rebound, fade away, the path beyond that looks challenging. 

* Economic inequality is one issue; another is the fiscal issues that the stimulus will leave behind. 

* “I don’t see growth as being particularly durable,” said former White House economist Joseph LaVorgna. 

The setting for 2021 seems clear: A powerful growth trajectory fueled by an influx of government spending as the U.S. recovers from the Covid-19 crisis and heads into the fastest economic acceleration in nearly 40 years. 

But after that, then what? The path beyond this rocket-fueled year looks far less clear.  

Read more ....  

WNU Editor: All good times always come to an end. Especially an economy that is fueled with "helicopter money". But for the moment, everyone who has money in the markets are enjoying the best of times .... S&P 500, Dow hit record highs on upbeat earnings, strong retail sales (Reuters).

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