The Long Game

Investment in knowledge .... The market can price things wrong. ... Comfortable ≠ Profitable; "RT ≠ endorsement"

[Ronnie Stoeferle @RonStoeferle]

Great charts by @Gavekal: The federal government missed out on locking in low long-term rates in recent years, causing interest payments to surge....

[(((The Daily Shot))) @SoberLook]

Months to reach 100 million users:

[The Long Game @7LongGame]

https://t.co/mws8KZHkN5

[Ian Shepherdson @IanShepherdson]

Net of revisions, employment in April only 104K higher than the previously-estimated base. The trend is slowing quite relentlessly.

[The Long Game @7LongGame]

https://t.co/rQSEYwb5hG

[The Long Game @7LongGame]

https://t.co/yCqGUcoY4V

[The Long Game @7LongGame]

https://t.co/z2ILyDhn6W

[The Long Game @7LongGame]

https://t.co/aa4kprYoFR

[ISABELNET @ISABELNET_SA]

🇺🇸 S&P 500

In a soft landing scenario, Goldman Sachs forecast for S&P 500 EPS is $224 in 2023, and its S&P 500 price target is 4,000 by the end of 2023
👉 https://t.co/yIk7SZYp6p

h/t @GoldmanSachs #markets #EPS #earnings #spx
#sp500 $spx $spy #stocks #stockmarket #equities

[(((The Daily Shot))) @SoberLook]

A credit slump is coming.

Source: @OxfordEconomics

[The Long Game @7LongGame]

👇 @LoganMohtashami

https://t.co/WCOlsnj0Pp

[Sammy Roth @Sammy_Roth]

Also, longtime Anaheim resident @GustavoArellano, who absolutely does not like Disneyland, as recommendations for nearby eateries, none of them more than 10 minutes away: https://t.co/Vz6gcEVPxD

[The Long Game @7LongGame]

https://t.co/VAe7f17TVE

[Nick Gerli @nickgerli1]

The fundamental problem in today's Housing Market is simple:

Home Prices are growing way faster than Incomes.

Real Home Prices up +102% since 1970.
Real Incomes only up +26%.

Something changed starting in early 2000s.

[Lance Lambert @NewsLambert]

IF the housing correction stopped here, it'd be remembered in markets like Phoenix not for its depth but instead for its speed.

Phoenix home prices, as measured by the seasonally adjusted Case-Shiller, fell 8.4% between Aug. '22 and Jan. '23 (-10.5% without seasonal adjustment).

We'll get the February reading in the morning.

[The Long Game @7LongGame]

@DiMartinoBooth @business

[The Long Game @7LongGame]

No margin compression, no ’23 recession

https://t.co/Va22HXuyw4

[The Long Game @7LongGame]

https://t.co/bi2vFQvadN

[The Long Game @7LongGame]

https://t.co/M548M8QQbX

[The Long Game @7LongGame]

👇 M2 and inflation

[Danielle DiMartino Booth @DiMartinoBooth]

The history for those wondering. Note CPI.