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FIFY.
Saw this chart on FaceRipperās Twitter. Tech other than FANG+ is actually among the cheapest in the market. Certainly cheaper than the supposedly defensive sectors.
Did not know that.
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No. I think you spew reckless, dangerous, and ignorant stuff.
The savings and debt levels suggest weāre in for a period of slow growth. People just canāt spend as much. It should help bring inflation down more. Especially with student loan payments resuming soon. Thatās ~$22B/mo sucked out of the economy.
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Apparently there is 500B of āexcess savingā so itāll take 2 years at $22B/month rate. Good read here - https://thehill.com/opinion/finance/4024671-did-we-just-dodge-a-recession/
If you believe this article, we are in early in rate hike process as well as seeing its effect on the economy.
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How is excess defined? The data Iāve seen shows total savings is than than pre-pandemic level. People need a savings cushion. They canāt spend down to zero savings.
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The article above has it ādefined as the difference between actual savings and the pre-recession trend ā relative to previous recessionsā
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Your comments are akin to this video
Cool. Make sure to let us know when you make the billionaire list. It should be easy with this working so well for you.