The FED is in a state of Disbelief…
Today’s 4.9 % GDP number has Powell talking to himself. The Atlanta FED has been saying that the economy is perking right along, while the smarty’s in Washington have been downplaying the story.
But, here it is, the New Economy has legs.
Here we have a Second Chance to get the new economy at bargain prices. The first chance was in June 2022.
What we have seen over the past couple of years is the much needed end of zero rates and government funding.
Now we will need to use a rolling value platform and keep rolling in the meat of the performance curve as this unfolds.
I think we are experiencing the early stages of a real economy. This will be an economy that has roots in real growth but will require corporate tax and monopoly law changes in order to reach its full potential.
More on that and climate investing tomorrow.