1. Apollo, The Daily Spark

🎶 Apollo Academy에서 눈길을 끄는 리포트가 나왔다.

[ We in the Economics Profession Need to Look Ourselves in the Mirror ]

"경제 전문가인 우리는 거울 속 자신을 살펴볼 필요가 있다!"

(마음에 드는 도발적인 제목이다. ㅋㅋㅋ)

The consensus has been wrong since January. The forecast for the past nine months has been that the US economy would slow down. But the reality is that it has simply not happened, see chart below. GDP growth in the second quarter was 3.8%, and the Atlanta Fed predicts that GDP in the third quarter will be 3.9%. Yes, job growth is slowing, but this is the result of slowing immigration.

The bottom line is that the US economy remains remarkably resilient, and it is becoming increasingly difficult to argue that we are still waiting for the delayed negative effects of what happened six months ago on Liberation Day in April.

For investors, this means that the upside risks to inflation are growing, particularly if the Fed continues to cut rates.

대략 꼭지별로 살펴보면,

• 1월 이래로 경제 전망은 줄곧 틀려왔다. 지난 9개월간의 예측은 미국...