This week the Trustees of the Social Security & Medicare Trust funds released their annual report. They reported under current law Medicare will be insolvent by 2026 and Social Security by 2035. That’s in 7 & 16 years respectively. Their assumptions also include steady 3% economic growth with no
2nd Quarter GDP growth again fell below expectations. While many market participants view this as good news as it may keep the Fed from raising rates in the near future, sooner or later the lack of growth should hurt stock prices.
The Fed assumes the economy will return to