POSITIVE PREDICTIONS

While the OBBBA is economically only marginally stimulative, and only in the short run, the recent 12% slide in the greenback is akin to hefty interest rate cut. Also, OPEC’s recent announcement of an increase in production should further reduce energy prices and boost the economy. Add massive spending on AI, a booming stock market, and soon, lower rates, and CY2025 could still end up with passable GDP growth.