US heading for a Depression with double-digit unemployment rates? Money Supply is officially contracting and this has only happened 4 previous times in last 150 years
US economy.
Is Wall Street going to see an economic depression?
After the end of the US Presidential elections 2024, all three stock indexes at the NYSE ended at record highs, and Wall Street also reported an amazing boom amid its two-year long bull run, which is prevailing to this day. Although there are o definitive tools that can predict when an economic depression may hit the US markets, but there are major chances of the same as the money supply is officially contracting, a phenomenon that has not happened before for many years. According to a Motley Fool report, this phenomenon has only occurred 4 times in the last 150 years of the financial markets in the United States.
Trump administration could be welcomed by a depression in the US economy
The financial markets contracting is surely not a very good sign for the overall stature of the US economy, considering the fact that a new Presidential administration will be handling the reigns soon, and there are already major recession fears looming on the US economy. As of now, inflation levels are at normalized levels, but there is no saying as to what can happen to it once Trump introduces his economic policies, some of which are reportedly heavily inflationary in nature.
<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-115939597»>FAQs:
What is an economic depression?
An economic depression is a severe and prolonged downturn in economic activity, characterized by high unemployment, falling production, and widespread poverty.
Is depression good for the US economy?
No, a depression is not good for the US economy. It is a
