Federal Reserve Chair Jerome Powell used his annual Jackson Hole keynote speech to paint a picture of an economy facing policy-driven headwinds and rising uncertainty. He pointed to sharply higher tariffs “across our trading partners” that are reshaping global commerce, and to tighter immigration rules that have abruptly slowed labor-force growth.
Damn that 2.7 % inflation. Once democrats come back in office, it will be 10% to 15% again thank God.
Goldman Sachs forecasts growth to be just 1% in the final two quarters of 2025 due in part to slower consumer spending and “a sharp slowdown in real income growth that reflects weaker job growth, higher tariff-driven inflation, and reductions in transfer payments in [the fourth quarter] that were included in the recent fiscal bill.”
China’s economy will outperform America sooner than predicted.
Fed Res Chair Powell is a bitter and useless old man. US real GDP for Q2 2025 is +3% per : U.S. Bureau of Economic Analysis (BEA)
As for Goldman Sachs, here's their last five years of S&P predictions:
They have apparently changed their tune after being so consecutively wrong:
We tell God what to do and then blame Him for our errors.
- Dr. Pet Dragon of Sorbonne University
Money is a somewhat farcical system of global management, but nonetheless works well.
Best just to run with it.
As long as you spend no more than you earn then you should be fine.
Never a borrower or a lender be, as someone once said.
Fed Res Chair Powell is a bitter and useless old man. US real GDP for Q2 2025 is +3% per : U.S. Bureau of Economic Analysis (BEA)
As for Goldman Sachs, here's their last five years of S&P predictions:
2020: Predicted 3,400, but the market finished 10% higher.
2021: Predicted 4,300, but the market finished 11% higher.
2022: Predicted 5,100, but the market finished 24% lower.
2023: Predicted 4,000, but the market finished 19% higher.
2024: Predicted 5,100, but the market was already 14% higher by October
They have apparently changed their tune after being so consecutively wrong:
2025: Predicted 6,500, but altered the prediction to 6,600 last July. https://www.goldmansachs.com/insights/articles/s-and-p-500-projected-to-rally-more-than-expected
"Prediction is very difficult, especially about the future" -- Niels Bohr
"Prediction is very difficult, especially about the future" -- Niels Bohr
Its not difficult when you realize there are only two options. Either people will become smart enough or they wont. My bet is they wont, and I was right for past 15 years in a row.
And my prediction will be right for another 1000 years most likely. If I made this prediction 2000 years ago, I would be right for 2000 years. But its one of those predictions where opposite is so unlikely that its a safe prediction which puts me on level of prophets.
Prophets were sent not to predict the economy but to predict the human condition.
"Prediction is very difficult, specially about the future." -- Niels Bohr
This is mistakenly attributed to Bohr by numerous sources, including yours, and articles in newspapers and academic journals, due to popularity as a Danish proverb. It's not original to Bohr.
Btw, my wife is Danish, and is familiar with the proverb, so she laughed at me when I offered the quote as from Niels Bohr.
We tell God what to do and then blame Him for our errors.
- Dr. Pet Dragon of Sorbonne University
According to your profile your wife has been laughing at you for 52 years.
With, not at, but I do try to keep her amused. Must be doing something right. Most marriages, according to AI [and you know I trust AI about as far as I can throw a house] collapse after 8 years. In this instance, my observation is that that 8 may be an exaggeration.
We tell God what to do and then blame Him for our errors.
- Dr. Pet Dragon of Sorbonne University
Congrats for beating an AI statistic.
China’s economy will outperform America sooner than predicted.
Tru-dat!
"Prediction is very difficult, especially about the future." -- Niels Bohr
This is mistakenly attributed to Bohr by numerous sources, including yours, and articles in newspapers and academic journals, due to popularity as a Danish proverb. It's not original to Bohr.
Btw, my wife is Danish, and is familiar with the proverb, so she laughed at me when I offered the quote as from Niels Bohr.
It's a Danish proverb, and since Neils Bohr was Danish, and since fellow physicists claim he said it, it's reasonable to assume he actually said it and therefore, it is a valid quote.
"my wife is Danish" - fauxlaw
That is a valid quote because you actually said it, even though I suspect you aren't the first person to have ever said it.
China’s economy will outperform America sooner than predicted
No, China's economy is barely half of US economy. And with birth rates among lowest in the world, China wont be outperforming anything. Tho I do appreciate my new cheap phone from China, because I cant afford iphone.
Valid points, all. yield.
We tell God what to do and then blame Him for our errors.
- Dr. Pet Dragon of Sorbonne University
