S&P500 is UBi universal basic income. funded via interest rate cuts and tax money allocated to S&P500 earnings & GDP via government contracts. stolen USA 🇺🇸
What Steve doesn't understand is that with negative net national savings, if recession comes and Government spends it will raise borrowing rates on corporations and individuals with declining growth rates trying to borrow to expand & provide a self defeating outcome to spending.
Trump used the Iran War to sideline Powell. War ending outlook changes to real incomes rise & Fed rate cuts can resume.
Warsh can now transition from a hawk to a dove & rates can go back to rising on Fed Cuts instead of War Fears.
The Fuck America Trade is alive & well. LOL
I’m thinking CPi picks up, Trump/Bessent auction off 50yr Gold linked UST in July to show the world they’re real serious about handling inflation. Then the entire economy comes crumbling down with the stock market leading.
20 years of 10% growth compounded annually = 560%. That’s how much individuals can make buying the S&P 500 and holding for 20 years. On average.
I’d rather buy and sell my own securities.
The creators of Ai/robotics have an incredibly large incentive to convince the general public the goods and services produced by Ai/robotics will far outpace the growth in money supply. Stumbling upon a new free lunch is a myth as old as time. There is nothing new under the sun.
I think asset owners are running scared. Trump headlines to boost stocks and Buffett interview to boost share prices on last day of the quarter says desperation in my view.
The poor may actually win this battle of tug of war with the rich this time.