Welcome to the era of ‘normalization’: Why Wall Street is convinced consumers will get comfortable w

[schizo]

Welcome to 2024, the year when society's economic headaches become standard.

Taking a look across the outlooks for next year, there's one word that stands out from Wall Street.

"Normal" appears 23 times in Bank of America's look at the year ahead, 11 times in UBS's, 14 times in Goldman Sachs's 2024 macro outlook and 11 times during its year-end roundtable.

While some analysts on Wall Street expect certain barometers to go back to pre-pandemic levels, others are cautioning that settling of certain economic headwinds isn't an indication of a return to 2020—it's merely the establishment of a "new" normal.

https://finance.yahoo.com/news/welcome-era-normalization-why-wall-100000482.html


TL;DR: In this era of instant gratification, there are too many damn whinos. Just STFU and accept that bad times are with us. And quit yer constant complaint about the Fed not lowering the rates just to save you from your bad investment. Lastly, don't spend all your money on that useless "Made in China" crap that you will only use once or twice. That's what got us into inflation in the first place.

 

[S2007S]

2 to 2.5% inflation??
Wow. So we spike up to 9% for a few months in 2023 only to see the costs of goods and services catapult ....now rates are going to drop to 2% and will be paying for goods and services that are now 30 40 50 100% higher than they were just 2 short years ago


In its 2024 outlook, UBS said it expects to see inflation and rates go "back to normal," explaining: "In our base case, we expect US and Eurozone core consumer price inflation to end 2024 in the 2–2.5% range. Key drivers include falling homeowner-related inflation, weaker consumer demand, and slower wage growth."