US economy is finally booming and it is a big relief for all of us, but in a worrying sign people are yet not seeing that boom, and this makes me wonder what happens if the general masses can’t feel the boom, will the US economy once again slip downwards?.
Furthermore what do you’ll feel is the key reason why people are missing seeing this boom in the economy, and I have read several reasons in the media but if someone has some personal perspective then please do share it.
Source:
https://edition.cnn.com/2021/05/03/economy/jobs-economy-covid-biden/index.htmlI recently read a report on MarketWatch. During Trump's administration, the stock market has increased by $9.96 trillion over those four years. Since the election of Biden (just over half a year ago), the stock market has increased by approx 8 trillion dollars. I mean the increase in value during Trump's time was already exaggerated, but the increase in value since Biden's election is just extreme. This is not reflective of the real economy and hence why there are different views on the state of the economy. Those who own stocks believe the economy is booming. Those who don't own stocks really see that the economy is not booming.