Economics in short is managing your resources managing your life! Writing your own narrative & hopfully, managing it in a way that enriches your loved ones life
The system is broken.
You know the system is broken when stocks FALL after the US unexpectedly adds +162,000 jobs in a month, TRIPLING expectations.
Why? Because a strong jobs report means a higher chance of rate hikes.
This is the product 60-straight months of 2%+ inflation.
Markets now "want" a labor market collapse.
BREAKING: Brent crude oil prices surge above $92/barrel after two oil tankers are struck in the Strait of Hormuz.
Markets are pricing-in another wave of inflation.
@UrkoThGnslngr@WarriorNight007 I could give 2 fucks about your opinion in real life mane. I'm sending positive energy to them. God answers prayers bitxh‼️
BREAKING: Spot gold falls below $4,500/oz as Fed Chair Warsh says price stability is now the Fed's "predominant focus."
5 years later, and inflation is still not back below 2%.
Inflation is the new normal.
Dad buys stock at $100K
It grows to $6M
If he sells, he owes tax on an $5.9M gain.
Instead, he puts it in a trust.
Borrows against it.
Borrowing is not income. So no tax.
He lives on loans. Never sells.
He dies holding the asset.
Kids inherit $6M
IRS gets $0