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Each month, we send out an email asking you to ask us questions for the monthly Q&A. You can submit your questions by commenting on this post, sending them via email, or scribbling them on a tiny note, strapping it to a carrier pigeon’s leg, and telling it to find us. If you see someone else has asked your question in the comments, give it a like (by clicking the heart button). The more likes, the more likely we are to answer that question.
August 2022 Question Request
The last couple of months have dealt with a lot of questions concerning the outlook of the US economy as it relates to inflation on baskets of goods, the housing market, and the debate of whether or not we are in a recession. With the US dollar being hit in so many directions from everything mentioned above (and more) what really surprised me last week was the news coming out that the Euro reached a two decade record low compared to the USD. I was just curious of your thoughts on this and what it suggests about the strength of our economy as it stands relative to other major global economies.
What affect, if any, will student loan forgiveness have on the unemployment rate and the labor force participation rate? If there is an affect, when will this occur?