Systemic banking crises are typically preceded by credit booms and asset price bubbles. Such crises produce, on average, a 35% drop in housing prices spread over a period of 6 years, while equity prices decline by 55% over 3.5 years.
#Tesla joins $1tn club as stock jumps on order for 100k cars from Hertz. Order is expected to generate $4.2bn in revenue & the cars will be delivered over the next 14mths. The rental cars giant had $1.8bn in cash as of June 30 after emerging from bankruptcy earlier that month.
The IMF’s food-and-beverage price index rose 11.1% between February and August, with prices of meat and coffee rising 30% and 29%, respectively. As you can see inflation that matters to the average Joe is much higher than 4%. But nobody really cares abut Joe.
Permabears and permabulls are both naive and narrow minded. The market moves up and down act according to what the market tells you not what your beliefs are. I also belive everything is overvalued but im not shorting because the market didn't tell me to do so yet.
In the last 6 months the S&P500 is up about 6% and with inflation in the US at 5% people got an aprox 1% return over the period of last 6 months. Nothing special when you consider how much money is being injected by the #Fed.
The 10-year Treasury yield rose only 0.05 percentage point, taking it above 1.5%, and the 30-year rose just above 2%. Such a small gain resulted in a >2% S&P 500 decline. Yields need to rise four times as much just to get back to where they were in March. Get ready.
Of course inflation is transitory because it's a law of nature that nothing is permanent. But inflation is here now and has been for quite some time that is a fact. Stagflation, that is the real boogeyman.
The difference between Chinese and western media - people who read chinese media know its propaganda but people who read western media think it isn't (it is btw)
Remember when they said #COVID19 restrictions will end when 60-80% of the population is fully vaccinated? Well some european countries have reached that goal and restrictive measures are still in place...
@ekobpc It's not about wearing a mask that is not a problem there are stricter measures in place in my country. You can't even get gas if you are not vaccinated (which I am) or tested in the last 48 hours.