The S&P 500 closed up over 1% today, within 6% of its record close, and up 6% from its 10-day low. Yet NYSE new lows exceeded NYSE new highs.
The last time we saw that was 4/25/00, on the rebound from the initial break following the 2000 bubble peak. Not a forecast. Just FYI. https://t.co/TTYAiEdZ1Q
Pretty clear it is a failed model. Done nothing but put this country in a tail spin: endless wars, failing infrastructure, growing gig economy (lack of well paying jobs), financialization of stock market, Fed manipulation of markets, Congress more than willing to pass the buck to future generations, decline of American living standard, drugs and perversion rampant, lack of community, decline of the family, city bosses using minorities for political power, silly theories of trannys and racial equity, borders irrelevant, landfills full of cheap Chinese crap….Need I go on…..
Pretty clear it is a failed model. Done nothing but put this country in a tail spin: endless wars, failing infrastructure, growing gig economy (lack of well paying jobs), financialization of stock market, Fed manipulation of markets, Congress more than willing to pass the buck to future generations, decline of American living standard, drugs and perversion rampant, lack of community, decline of the family, city bosses using minorities for political power, silly theories of trannys and racial equity, borders irrelevant, landfills full of cheap Chinese crap….Need I go on…..
lol amazing
Also would like to point out that Igy's argument here is remarkably Marxist!
Golden Retweeted Seth Golden @SethCL $SPX retraced 50% of its post November decline. Since 1929 this occurred 21 times. 100% of the time, S&P500 continued higher over next 3 and 6-month periods.
Also would like to point out that Igy's argument here is remarkably Marxist!
Please explain.
Ascribing all of the problems in the world to a single monolithic superstructure is about as Marxist as you can get (see also - systems thinking). In the case of Marx and Engels it was capitalism, but Igy's manifesto starts out with "the whole of post-war history is one of globalist struggles." I mean did you see his list? Even gay people are apparently a product of globalism.
Replace "globalism" with race and you sort of essentially get critical race theory.
Ascribing all of the problems in the world to a single monolithic superstructure is about as Marxist as you can get (see also - systems thinking). In the case of Marx and Engels it was capitalism, but Igy's manifesto starts out with "the whole of post-war history is one of globalist struggles." I mean did you see his list? Even gay people are apparently a product of globalism.
Replace "globalism" with race and you sort of essentially get critical race theory.
Housing is considered a capital good and isn't part of CPI. Owner's equivalent rent is and you can look it up if you want to know more about it, but honestly I think it's beyond your capabilities.
Housing is considered a capital good and isn't part of CPI. Owner's equivalent rent is and you can look it up if you want to know more about it, but honestly I think it's beyond your capabilities.
well fine but if a house falls in value, its owner equivalent rent will likely also fall, right? Why would it not? Just because house prices and rents don't always move together, I suppose. But they do, really.
Housing is considered a capital good and isn't part of CPI. Owner's equivalent rent is and you can look it up if you want to know more about it, but honestly I think it's beyond your capabilities.
You mentioned CPI, not me professor. Pretty clear OER does not represent the true cost of housing, and was not calculated in this manner in the late 70s and early 80s when the official inflation rate was much higher. Using that earlier formula would likely take today’s inflation rate to double digit inflation.
Housing is considered a capital good and isn't part of CPI. Owner's equivalent rent is and you can look it up if you want to know more about it, but honestly I think it's beyond your capabilities.
well fine but if a house falls in value, its owner equivalent rent will likely also fall, right? Why would it not? Just because house prices and rents don't always move together, I suppose. But they do, really.
Yes, but OER isn't what's causing so much inflation.