Bloomberg Businessweek
US Economy Grew Faster Than Expected Last Quarter on Firm Demand
Jul 25, 2024
Mike McKee and Michael Mackenzie discuss robust US economic growth despite higher borrowing costs. Michael Capser explains sliding earnings outlook. Doug Ciocca talks market volatility. Katie Thomas addresses consumer stress levels. Kathy Entwistle discusses investment opportunities.
40:07
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Quick takeaways
- US economy shows resilience despite higher borrowing costs, surpassing growth forecasts.
- Navigating market volatility requires emotional management, strategic portfolio adjustments, and identifying undervalued opportunities.
Deep dives
Consumer Stress and Economic Perception
Consumers are experiencing stress due to uncertain economic conditions and political factors, leading to resilience and spending habits. The focus is on managing emotional reactions and maintaining a long-term perspective to mitigate panic-driven decisions.
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