Ok, there was no 2024 recession. We forecasted that early in the discussion. Think about it. What is the real concern about recessions? Loss of jobs, a shrinking Gross Domestic Product and the impact that a failing economy can have on our standard of living. But from the Biden Administration start job creation was very strong–so companies were hiring. We’re beyond COVID recovery now so the job numbers reflect the true growth of the economy. Even when interest rates increased companies were still hiring. CEO’s/small business owners and their financial advisors decided that expansion of the workforce was the right decision. Even today, as the March, 2024 jobs report with over 300,000 new jobs created, we have an economy booming so much that the Federal Open Market Committee is afraid to lower the prime interest rate for fear that expansion may harm the hum of growth. Fourth quarter GDP growth was revised to 3.4%. Inflation is getting very close to the acceptable level. Wage growth is nearly double inflation. The unemployment rate is consistently as low as it has ever been over the longest period ever. At 3.6% we are at what economists call “Full employment”. We at “another’s view” know that perception is reality. So we want you to perceive that Bidenomics is working — despite what others may say. Check your 401 (k) balance and growth over the last 6 to 12 months. Are you better off? The stock market indexes are at all time highs so if you invested wisely you ARE WELL AHEAD OF THE LAST YEAR. Vote your wallet in November and smile for the next four years. It’s as simple as that.
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