Economists are generally the last ones you can trust about bad economic tidings.
For one, almost all are paid by monied interests that don’t want to spark a rout in the markets.
For another, they tend towards self impressed arrogance, talking down to everyone that didn’t read their books, even as they have been consistently wrong.
Disclaimer: I don’t have the best record on predicting markets either, which apparently can remain solvent longer than I can remain sane.
I just trust in the immutable fact that both ruling parties will represent any money I’ve put into the stock market, up to and including making three trillion appear out of thin air overnight to make sure any investments I have don’t drop in value.
They don’t care about anything else, though, unless we count appeasing Israel so their dirty secrets don’t get leaked.
Oh don’t worry, they’re likely trying to figure out how to steal your stock investments too.
2008 crisis was a lot of folks being forced to sell their investments At a loss Large banks bought up those shares for very cheap.
The current fear I have is SPY, which is a lot of retirement funds, is 1/3 AI stocks. It feels a bit like big banks are finding ways to load up trillions of bad debt into these stocks.
Yup, they certainly are. But the market as a whole is different beast, and the 2000 billionaires who have their wealth tied up in it will get this government to make another three trillion appear out of thin air if the line goes too far down.
I’m fortunate to be in a position where I can buy and hold, so I’m not quite so worried about dips and crashes as most.
I wouldn’t say the last ones, though close. E.g. the number of economists saying that income inequality and not paying fair wages is bad (for the economy, mind you, not out of concern for people) far outnumber politicians saying the same, in my experience. Though neither group is very large, unfortunately…
Economists are generally the last ones you can trust about bad economic tidings.
For one, almost all are paid by monied interests that don’t want to spark a rout in the markets.
For another, they tend towards self impressed arrogance, talking down to everyone that didn’t read their books, even as they have been consistently wrong.
Disclaimer: I don’t have the best record on predicting markets either, which apparently can remain solvent longer than I can remain sane.
I just trust in the immutable fact that both ruling parties will represent any money I’ve put into the stock market, up to and including making three trillion appear out of thin air overnight to make sure any investments I have don’t drop in value.
They don’t care about anything else, though, unless we count appeasing Israel so their dirty secrets don’t get leaked.
Oh don’t worry, they’re likely trying to figure out how to steal your stock investments too.
2008 crisis was a lot of folks being forced to sell their investments At a loss Large banks bought up those shares for very cheap.
The current fear I have is SPY, which is a lot of retirement funds, is 1/3 AI stocks. It feels a bit like big banks are finding ways to load up trillions of bad debt into these stocks.
Yup, they certainly are. But the market as a whole is different beast, and the 2000 billionaires who have their wealth tied up in it will get this government to make another three trillion appear out of thin air if the line goes too far down.
I’m fortunate to be in a position where I can buy and hold, so I’m not quite so worried about dips and crashes as most.
I predict the markets will separate, with profit cream continuing to condense at the top and poverty water expanding downward at a faster rate.
They call me the ecownomist
I wouldn’t say the last ones, though close. E.g. the number of economists saying that income inequality and not paying fair wages is bad (for the economy, mind you, not out of concern for people) far outnumber politicians saying the same, in my experience. Though neither group is very large, unfortunately…