TokyoTokyo Mon - Fri 10:00-18:00 +81 (368) 662-975
info@mountequitygroup.com

The Biden economy happens to be glorious | Columns

Mount Equity Group Tokyo Japan > News > Markets > The Biden economy happens to be glorious | Columns

If Joe Biden takes office, there’ll be a “depression the likes of which you’ve never seen,” Donald Trump warned a month before he lost the 2020 presidential election. It didn’t happen.

You know that, right?

Also, your 401(k) surely did not “go to hell,” as the previous guy predicted. On the contrary, stocks in the S&P 500 are up 26% as the first year of the Biden presidency is about to end.

How good is that? “U.S. financial markets are outperforming the world by the biggest margin in the 21st century” is how Bloomberg News put it.

The U.S. gross domestic product is expected to have grown an extraordinary 5.6% this year, according to economists. And that’s after adjusting for inflation.

The unemployment rate is down to 4.2%. Retail sales in the recent Christmas…

Read more…