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I posted OECD projection earlier, but I think it projected that our 4.2% inflation rate was higher than the other G20 countries.
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I posted OECD projection earlier, but I think it projected that our 4.2% inflation rate was higher than the other G20 countries.
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That's because they know they can't really cut spending that will impact their base, and they refuse to reduce the defense budget like Clinton did. Also they always offer tax cuts to the richest Americans and manage to convince the working class fools who vote for them that those tax cuts are the magic beans that will propel the economy to make the working folks prosperous. It's 40+ years later and those stupid SOBs are still buying the idea of "trickle down." Why would Republicans change their sales pitch if fools keep buying it?
ChileG
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Who could have predicted this?
Yeah market is scary right now as no one really knows what tomorrow will bring. If this was 20 years ago the uncertainty around world events like we have going on right now would have taken the market much further down IMO.
I think the biggest difference now is that investors in general have learned to buy dips. They have largely bought into the narrative that the market always goes up over time (which of course is historically correct) so might as well buy when there are dips. FOMO on upturns in the market has largely replaced fear of getting crushed when times are uncertain.
AI has done a lot to prop up the market the last two years, and it feels a lot like 2000 in terms of being overhyped. But then again, people who shorted Tesla for years generally lost their ass because the market can be irrational for a long time.
1moretimeagain
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When Trump canceled his 48 hour deadline, extending it by 5 days, markets celebrated the TACO because it meant the war wasn’t escalated.
However, now that Trump has added another 10 days, the market is concerned as it appears to mean Hormuz will just remain closed for two more weeks.
However, now that Trump has added another 10 days, the market is concerned as it appears to mean Hormuz will just remain closed for two more weeks.
lawtig02
Legend of ZZL
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I guess he should have gone with the seven days the Iranians wanted.
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You and I have been on the same page. I think the right call continues to be cash is king and investing in widow and orphan stocks that pay reliable dividends.
The bond market suggests we are getting closer to a recession and the stock market has reached correction and seems to be on its way to a bear market.
I stick with the Buffet rules:
1 ) Don't lose money
2 ) don't forget rule #1