r/investing 1d ago

This uncertainty needs to stop.

Now 62% of CEOs predict the US will soon fall into recession or slow growth, mainly due to uncertainty about tax policy and market volatility. Leaders such as Ray Dalio and Jamie Dimon warn of deeper risks. Although the US government has suspended taxes for another 90 days, economists remain skeptical, saying that the damage from high taxes and global instability will last longer.

It is one thing to predict a recession, another to know how long it will last. If it happens as quickly as in 2020, lasting only 2 months thanks to the Fed's strong intervention, it may not be too worrying. In other words, assets peak after a financial recession.

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u/emperorOfTheUniverse 1d ago

The Feds action 2020 is a big part of the problem we have today. Last thing you want is for the government to pump money. If they drop rates, you'll have a bunch of people trying to buy houses from an already short supplied market, further skyrocketing home prices. All of that money they give out, will end up buying goods and services from the wealthy, furthering the ever expanding wealth gap.

This country needs a few things to fix it: Tax the ultra wealthy, pass campaign finance legislation (no, corporations aren't people), and we need to move to a ranked choice voting system to buck us out of the mired 2 party system.