But why are so many accomplished folks on the buy-side (much more sophisticated than the sell-side) disagreeing? Again, for my own selfish reasons I hope you and the banks benefitting the most from govt spend are right but I don't think the numbers being shared are accurate.
Reality here is I doubt anyone knows exactly, but there are indicators that don't look great.
That said, Steve Forbes disagrees.
Steve Forbes slammed Joe Biden for his new economic plan and said the President's claims that he's bringing down inflation and cutting the deficit are fantasy.
www.dailymail.co.uk
Paul Tudor disagrees
The US could soon tip into a recession, but stocks could still present a buying opportunity if the debt ceiling crisis is solved, Paul Tudor Jones said.
finance.yahoo.com
HSBC disagrees
The U.S. will enter a downturn in the fourth quarter, followed by a "year of contraction and a European recession in 2024," according to HSBC Asset Management.
www.cnbc.com