Source: The Motley Fool
- Consumer confidence, a measure of how Americans view economic expectations about income and employment, is as low as just before the 2008 financial crash.
- Gross Domestic Product is artificially high and is 1 year behind current data.
- Unemployment is held low due to government Covid pandemic support.
- Other considerations: Increasing inflation, higher interest rates, rising energy costs, fractured supply chain, unemployment income tax liabilities, and a pending cold war with China over Taiwan.
Source: Zach Friedman, Forbes