US Economy and dollar, where they are headed in Q3? – Any forecast is vulnerable to a large number of unforeseen variables. Therefore, anyone who attempts to foresee what’s to come must be genius or naïve?

US Economy prediction one factor is the Change in economic factors

This year will see major shifts in the economy. (Our planet is under perpetual alterations as depicted in i-Ching, the Book of Change, the bible of Chinese civilization).

Six months of the year went by by…The economy of Germany has slipped under a fundamental slump. This economic downturn will likely be soon followed by the US as well as other European nations…towards the close of the year.

The United States has increased the sum of debt it may owing to China, Japan, among others. However, the United States had only pushed the can over to the curb. The US economy will stay on the edge of implosion as long as it can boost output. And boost its economy sufficiently to pay back the debt it owes.

US Economy in case of ‘Not so Dominant US dollar

The turning point will come when the American dollar is no longer the dominating currency for global commerce. Either the Saudis along with other oil producers quit selling gas and oil in US currency. (might be possible – a bit remote

The south of the globe has taken steps to encourage the adoption of other currencies for global commerce. In August 2023, a BRICS conference will choose the currencies & payment systems would be applied in place of the US currency for global commerce. The United States having None control over the substitution of the US greenback by alternate currencies in commerce worldwide.

The covert war among the United States and Russia has reached a crucial juncture. This in turn has a significant impact on the global economy

Rising oil and petrol costs are currently sending the EU economy onto a slump. Biden’s Botched cold war efforts versus China. And the US banking problem… The US domestic fights among Republicans and Democrats. The Biden administration’s colossal blunder over fundamental socioeconomic issues Might?- result in major shifts in the USA and throughout the globe.

This regrettable state of events in the West enveloping the West in foreboding black shadows-stands in stark.  Contrast to that which has taken place in Asia. Fortunately, light at first occurs in Asia.

Despite the 13,000 sanctions imposed on Russia’s economy failed to damage the Russian economy. Biden’s proxy fight with Putin Fails to bring about an uprising in Moscow. Rather, the Russian economy is performing splendidly, in accordance to the IMF. Throughout the remainder of 2023 as well as afterwards, Russia is going to be present and financially better compared to the EU.

2023 is a year that is going to be remembered as the year when the United States forfeited its global domination (Not simple, though).. Our planet has basically devolved into a multilayered one. The United States of America shares global supremacy with 5 additional regional powerhouses: The BRICS, the EU (headed by France), and Russia, ASEAN, and the Arabian region

On the Flip Side – Optimism

By 2024, the USA is going to be in an excellent situation. This is why they have just recently rebounded from a short downturn? – Which began in 2023. We are, as usual, tenacious. The calendar year 2024 also serves as an investment year. That implies spending on campaigns. Much obviously, Democrats as well as Republicans are going to lavish a lot of cash on the election in November that year. The promotional products industry, particularly advertising on the internet, will prosper.

Medium- and small-sized businesses will begin operating in the USA. Due to a variety of causes, folks will begin to make riches. Another is that real estate will become a market for sellers after years having been one dominated by buyers. A further factor is that US investors are going to open their wallets again (as previously stated), to assist fund businesses of all sizes. Businesses are going to feel more optimistic following the 2023 minor slump.  (seems to be taking place)

Both India and China, which presently drive the south of the globe, are expected to get more powerful in the years to follow.

With this one as well, I’m dreaming. The Fed will ultimately bring inflation under control. Which will eventually result in an improved stock market for every business. This is due to the Federal Reserve as well as other nations eventually lowering or levelling interest rates at baseline levels. The central bank will begin fixing interest rates towards the end of 2023 Then gradually reduce them in 2024. We’re simply hopeful hoping the Ukrainian War is soon done.

Your Savvy Thoughts?