This is truly terrifying:
1. Payment on a $400,000, 30 Year mortgage 1 year ago: $1,600
2. Payment on a $400,000, 30 Year mortgage NOW: $2,600
In the same time period, total credit card debt is up over 20%.
Rising rates, rising mortgage payments, and rising credit card debt.
“the 20th bear market in the past 140 years; average peak to trough bear decline = 37.3%, average duration 289 days; history is no guide to future performance but if it were… bear market would end on Oct 19, 2022 (35-year anniversary of Black Monday) with S&P 500 at 3000”
BofA
8 hours sleep + Heavy lifting + High protein diet + No sugar + No porn + No alcohol + Solid purpose + Outdoor meditation + No media + Good circle
= The original antidepressant