Why the economy is not dying

Even with rising FED rates the economy is still strong why?

1. People have jobs and want to work

Specifically in the hospitality sector

During the pandemic a lot of people locked in low mortgage rates.

Also more people are renting than ever before.

Businesses were having a tough time during with their supply chain during lock down. Now they are running more smoothly.

Businesses continue to pass on costs to consumers. They are also becoming more efficient and focusing on bottom line profits over expanding revenue.

Technology is creating a lot of jobs and making existing businesses more efficient.

Infrastructure. And just general government spending is still increasing.

The IRS will be going on a hiring spree. The military has a bigger budget than ever.

Republicans have control of the house. Dems the Senate and President.

This means stability and not much change historically. Generally the economy does better with a dividend gov.

Malls are full again. Movie theaters and restaurants are back. Hotels and travel. These industries require a massive workforce.