One day, years from now, when the stock market is flat or down, you'll look back on this magical period of market returns and tell your grandkids, "The market returned 15% per year...it just went up year after year after year..."
Grandkid: "Wow, the good old days. What did it feel like?"
You: "We were all miserable"
There's a weird disconnect between GOP decrying socialists being elected and the Trump White House talking about taking an ownership stake in OpenAI and other big tech companies.
This is 100% completely unsustainable as a society.
Nearly 50% of all consumer spending now comes from the top 10% of earners.
The bottom 80%?
Their share keeps falling.
This is why the economy can look strong in the data while millions of people feel like they're falling behind.
This is 100% completely unsustainable as a society.
Nearly 50% of all consumer spending now comes from the top 10% of earners.
The bottom 80%?
Their share keeps falling.
This is why the economy can look strong in the data while millions of people feel like they're falling behind.
Peter Lynch: "People are very careful — they spend hours to get $50 off an airplane flight. They look at everything. And [then] they'll put $10,000 in some crazy stock they heard about on the bus."
35 years after throwing off the yoke of Communism, Poland becomes the world's 20th largest economy.
The warmth of capitalism is lifting an entire nation out of poverty.
https://t.co/62N56GVCn3
The US lost an average of 1k jobs per month over the last 6 months, the 4th of the last 5 months with a negative 6-month moving average. This is the 12th time we've seen this much weakness in the jobs market since 1950. In the 11 previous times the US economy was in a recession.