Dow At 30,000 Doesn’t Mean U.S. Economy Is All Fixed

With construction spending slowing down significantly in the U.S., what do you think will happen to those jobs in the construction industry? It’s likely that some of those jobs will not remain.

U.S. Economic Outlook: Another Recession in Early 2021?

Dear reader, I discussed construction spending as just one indicator of how the U.S. economy is doing. If you look at more economic data, it becomes very clear that the economy is going in the wrong direction.

We haven’t seen a significant amount of economic misery because the U.S. government and the Federal Reserve have provided a financial  lifeline during the pandemic. For example, out-of-work Americans have been getting relatively higher-than-normal unemployment benefits. So, in the near term, it may appear that the U.S. economy is doing great.

However, one must ask: What will happen as we go into 2021?

For me, at the moment, it’s very hard to be optimistic for at least the first half of 2021. The U.S. economy could face severe headwinds, and growth rates could drop. If not an outright recession, I think the U.S. economy will grow by only a small amount.

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