10/02/2025
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📈 U.S. Economy Defies Forecasts
Torsten Sløk, chief economist at Apollo Global Management, argues that the U.S. economy is accelerating—not weakening—despite months of predictions to the contrary. He criticizes the economics profession for consistently forecasting a slowdown that hasn’t materialized, saying, “We need to look ourselves in the mirror”.
🏗️ Resilience Across Sectors
Key indicators like GDP growth, business investment (especially in AI, energy, and manufacturing), and housing stability suggest strength. Sløk attributes slower job growth to reduced immigration, not economic weakness.
📉 Rolling Recession to Rolling Recovery
Morgan Stanley’s Mike Wilson supports a “rolling recession” theory—where different sectors felt downturns at different times—and now sees signs of a “rolling recovery.” However, labor market data remains mixed, with recent ADP reports showing job losses.
💡 Inflation Risks & Fed Policy
Sløk warns that strong growth paired with rate cuts could reignite inflation. While the Fed has begun easing rates, Sløk believes the consensus on future job growth is too. This is not financial advice it is only a AI-generated analysis and may be not always be right so be sure to double check and research.
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