USMC - It's The Economy Stupid
2024-04-23 09:00:00 ET
Summary
- In its fight against inflation, the last thing that the Federal Reserve needs is an oil price shock that would result from the disruption of oil flowing through the Straits of Hormuz.
- High interest rates for longer are bound to deepen the commercial property crisis.
- Souring US and European trade relations cast another dark cloud over the US and world economies in the run up to the US presidential election.
James Carville, Bill Clinton’s political advisor famously said that when it came to elections it was the economy, stupid. This year’s presidential election is likely to prove no exception. Six months before that election, a constellation of economic risks is building both at home and abroad that could shake markets and cause another inflation spike. It could also precipitate a financial crisis as occurred on the eve of the 2008 election with the Lehman bankruptcy....
It's The Economy, Stupid