David Kelly, JPMorgan’s chief global strategist, has challenged the White House’s optimistic 3% growth forecast for the US economy, calling it unfeasible. In a CNBC interview, Kelly pointed to shrinking labor force participation due to retiring baby boomers and stagnant productivity as key barriers. He estimates long-term growth at just 1.5%, far below the administration’s target. The White House’s projection ties to President Trump’s proposed spending bill, which includes tax break extensions currently under Congressional review. Kelly sees no economic indicators suggesting the US can sustainably achieve 3% growth under current conditions.
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0 posts last weekExperts Warn of Potential Stock Market Bubble and Upcoming Corrections
Experts are warning of a potential bear market in 2025, predicting a decline of 20% or more after a record high in 2024, driven by frothy stock valuations and reliance on a few tech giants. Analysts express concern that a significant drop could harm consumer confidence and spending, crucial for economic growth. While some believe stocks may rally further, the presence of bubble indicators raises alarms about a possible correction.
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