I track all of my living expenses with a spreadsheet every month for fun, and my anecdotal data has been a rent increase of 5.2% January 1 2024 - January 1 2025, a food price increase of 5.1%, and misc cost increase of 5%. Overall my costs have gone up a bit over 5% across all categories over the last 12 months.
Interesting. How many of those price rises did you attempt to push back on and negotiate a lower price or unchanged price? Did you seek cheaper alternatives in any case? Did you change healthcare provider or car/home insurance provider to get those costs down? You see, if you didn't attempt any of those things then your situation isn't even anecdotal, it's invalid. Economic theory for the purposes of measuring inflation assumes that people are rational and will seek out cheaper alternatives.
David is such a "down in the trenches", honest, practical, clear eyed financial soldier. Really helpful and encouraging to us folks down here in the mud and muck of retail investing. Thanks to him and you for sharing.
learn how to be continuously wrong.??.. i dont get it... sure one day the mkt will tank but just because you say it everyday and then you might be correct next month .. next year ..five years from now doesnt mean shit.
Isn't it incredibly amazing as well as telling how so many of the so called big time "pro Market forecasters", many interviewed on this very channel as well as lots of other channels and who have called the stock market crash incorrectly for the past 2 plus years are still taken seriously and interviewed over and over again to create content for video production??
Absolutely, this and shows like these only exist for a bunch of incompetent useless people to cosplay as knowleadgeable and very important market sages to sell you their garbage services. In fact, I consider them even worse than useless, they are dangerous because they feed a false narrative that allows them to continuously pump garbage content for them to make money while at the same time inspiring fear in people, because that's what sells, fear and uncertainty. The truth is, the world will always be uncertain and bad things can always be around the corner, you don't need these muppets to tell you what's a basic feature of life, and yet, the markets always go up. Even when they go down, they will go eventually go up, that's just how markets operate.
Think of them as "confirmation bias" videos. The guest says something dumb, like "Powell flip-flop" -- for not factoring in Trump long before the election but accounting for him when it wasn't a hypothetical -- and people so inclined nod along.
I predict that stock market will drop like a rock, I predict that the stock market will go to the moon, I predict the end of the world, and I will be right on all counts, but without timing my predictions are worthless.
Agreed with David's comments at the end: you consistently have some of the best, most thoughtful critical thinkers on your show (you included). Keep up the great work. Those of us who sat in prop seats during the 90's up to the present are getting those nervous sensations that come around occasionally, but there is always something worth buying if you look... These markets are not for play. They are dangerously seductive.
These bear chats are all very logical.... but it's not what happens on the ground. So people who are either not using logic at all and are a bit dumb or gung ho OR others who are v wise indeed and know the market will be propped up by govts despite what should happen given the state of things.... these both go on milking the market and making literal fortunes while we all sit around comforted and feeling smug by our wisdom and 'knowledge' while getting left behind in the money stakes and falling down the financial ladder.
Everyone, literally, calling for a choppy 2025. Its hard to be bearish. Although positioning matters most, and I believe most are long. Gonna be another interesting year.
20:10 Why would mass deportations be inflationary? One of the biggest expensses is housing and 10 to 15 million people disappearing overnight would cause housing costs to plummet.
People often do not think of second and third order effects. Housing inventory will loosen. Food demand decreases.. Yes. In the short term there will need to be higher wages paid to get non-working americans off the couch and working. That could be inflationary. However, over time, automation will close gaps on labor and create higher paying jobs (in automation) along the way. So it'll be a choppy mixed bag, is the point.. Also, if we're going to deport labor, we need to abolish programs that incent people to not work. This will cut government costs too. Though the left wants to maintain a dependent voter base....
So many excellent analysts mentioned, but kathleen tyson on currency flows and richard werner's disaggregated quantity theory and central bank asset purchases are the best analysis to understand the trends and predict the future imo. The question to me is when will the japanese reverse carry trade resume and be joined by the rest of the world. We basically know that china wont stimulate seriuosly until international prices are cheap.
It's good to see so much historical data presented, but a caution is in order when it comes to using valuations for market timing because it hasn't worked very well. Shiller et al showed with academic rigor in 1996 that the USA equity market had little place to go but down. The extreme valuations of the day just screamed from the page of historical "10-yr PE" etc vs "return over the following ten years" plots. The long secular bull market which began way back around 1980 had pushed valuation metrics to outrageous levels ... and yet Shiller was four years early. Four skyrocketing years, even compared to those which had preceded. Secular bull markets typically run for right around twenty years. The current one started in 2009. Maybe this time it will be less for whatever reasons, or maybe it won't. What I do know is that negative talk starts less than three years into them (e.g. Jim Rogers calling a top in 2011), and continues unabated for the duration. I've studied the market prognostications in Barron's going back to 1960 (on microfilm in a university library). It never changes.
@@OldAndWitheredSure, but I don’t think it’s a good idea for most people to try to time the markets. They miss out on 250% in returns in order to avoid a 20%-30% down year.
Hmmm... I understand where a lot of the negative comments are coming from as the bears have not been vindicated for quite awhile, but are you negative commentators predicting up, up, up in perpetuity? If so, why? If not, how far out and when that differs from bears on this channel? It's easy to say, "ha, you were wrong, we made 20%," but if you can't explain why, when you predict an eventual fall, etc, etc is your statement worth anything? I find these conversations interesting and educational.
Please. Stop! You are not helping! i kn0w as you do the market goes down dramatically but.......... it does matter when. Calling it constantly is like the boy who called WOLF. Sucks.
Am I missing something? How is cheap steaks in Japan supposed to be indicative of a Yen that is “undervalued.” To me if you can get a lot of steak for a small amount of yen, it’s highly valued? What am I missing here.
It's not a lot of steak for a small amount of yen - it's the same amount of yen. But the amount of steak you get in USD has become much lower. Food in Japan has become really cheap (I was there a few weeks ago) and was great value in my currency, the AUD.
@ that sounds like less to do anything with the Yen and more to do with food in Japan. Maybe more cheap labor? Which doesn’t make silence cuz I don’t think they have to at either. But when I went to China the food was insanely cheap compared to the U.S. it wasn’t because they had a “strong currency,” however. Idk I think I’m missing something here.
@@mohr4less The Yen has been collapsing for the last few years (against other currencies). There is a feeling that it has fallen too far (maybe at 3rd world country levels), and that it will rise sometime in the near future as Japan definitely isn't 3rd world (and maybe due to all of that Japanese equity sitting in the SP500 that will come home at some point). Don't forget the definition of a strong currency at the moment is on the USD side because you can buy lots of Yen with it.
Yes Adam you are the voice of sanity in a sea of advice but you have been wrong wrong wrong for the last 2 years, yes the markets have been going up and up and you have been predicting down down.. maybe ask yourself why? there is something you are missing....
Now that Harris isn't going to be president I noticed the gold markets have stabilized, I guess Trump's policies aren't that disruptive unless you want to go to go up as the economy went downward further.
@@marcmcreynolds2827were they during his last term? As I recall we had a hard time keeping inflation up not down during his last term. His hopes to plummet oil prices through supply are also very disinflationary
Your Florida buddy, who vacations is CA dropped this tid-bit. Mortgage refinancing spiked in December despite higher mortgage rates. Marry that up to the big drop in CC balances.... sounds like people over their skis with CC debt, unsustainable, so cash out refi. If they don't cut those cards up, or worse, if they pile into the market expect a Trump Bump and it hits the fan, Co sumers wiped out.
This upcoming crash is going to make the 1929 Great depression look like a 3-day picnic, today most Americans don't own anything it's all debt, then the ones that have cash they are investing and stuff that does not even exist, to many rely on the government to survive.
@Oilfieldscout you need to understand why it hasn't gone down in the past 15 years, it's called 26 trillion dollars in government debt, what's going to happen when I can't borrow anymore,
@@Fastapproaching when YOU can't borrow and need to, stuff hits YOUR fan. Government has never not been able to borrow. People loaned Argentina money. Nothing hits the government fan.
Greetings frome Germany. Actually Nuclear is being laughed at right now since it's so much more expensive than regenerative Energy. France can't afford new reactors anymore. They are unsustainable without external funding. Not even talking about the risk and disposal questions.
Wait, so liquidity just follows the economic cycle!? So, if liquidity bros are constantly updating their projections because things change - you know like economic conditions - what exactly is their model predicting and more importantly what is it measuring to make those predictions. Could it be, no surely not, but could it be economic data that drives liquidity?!?!? Hang on a second, here's a stunning revelation, maybe we could just ditch the liquidity stuff and focus on economic cycles.
Michael Howell would 100% disagree with that. He thinks stocks prices are now fully determined by financial events vs economic ones. To learn why, watch this Thursday's interview with him
It's Tuesday and we have a new 'Doom' headline that garners clicks.....go figure. I always wonder if these guys invest their own capital based on their own silly predictions they put out to sell their newsletters & Substack subscriptions....
Back to back 20% year over year stock market returns. How can you not like that? I can't understand the animosity. Anyway, thank you Jerome Powell for the enormous gains.
Had you listened to Mr. Hay for the last 2 years, you’d have missed out on this entire massive 2-year rally Eventually David Hay will be right, like a broken clock ⏰
Ah, but the recent massive rally will only show profits if you release them. This historically is where investors miss out. By not taking profits. There is no point making 27% if the next year it loses the same or more or even half. That will mean 2024 would only return 6.5% over 2024/ 25. And that's if it only halves. Take your profits and don't have regrets.
Trump is a meaningless pawn in a game of actually powerful people. He's being set up for it all to explode in his face so that his base, overconfident as you are, will turn on him. Which ofc you will...
The average annual gain in a typical secular bull market is about 16% ex inflation, and they have consistently run for about twenty years. So back-to-back gains above 20% are not uncommon, but neither are they to be expected.
Trump can only control government spending to control interest rates and inflation and he's not going to cut spending because he's a spender in Chief, cutting spending will crash everything
It's not a question of calling your favorite Ghostbusters. Neither the FED nor the Treasury can decide whose ox they are going to gore or whose cow is going to die. It is a question of applying equitable principles to reconcile the hardships which have been inflicted on the innocent hardworking citizens, while the gamblers & the speculators have been permitted to use Financialism for one-half of a century to ensnare the People with involuntary servitude and debt slavery. Economic limericks are not the answer when THEY are Broke: th-cam.com/video/NZwGk5xmlq0/w-d-xo.htmlsi=u7b68n0jwQ0xpKv1
Am I missing something? How is cheap steaks in Japan supposed to be indicative of a Yen that is “undervalued.” To me if you can get a lot of steak for a small amount of yen, it’s highly valued? What am I missing here.
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I track all of my living expenses with a spreadsheet every month for fun, and my anecdotal data has been a rent increase of 5.2% January 1 2024 - January 1 2025, a food price increase of 5.1%, and misc cost increase of 5%. Overall my costs have gone up a bit over 5% across all categories over the last 12 months.
Interesting. How many of those price rises did you attempt to push back on and negotiate a lower price or unchanged price? Did you seek cheaper alternatives in any case? Did you change healthcare provider or car/home insurance provider to get those costs down? You see, if you didn't attempt any of those things then your situation isn't even anecdotal, it's invalid. Economic theory for the purposes of measuring inflation assumes that people are rational and will seek out cheaper alternatives.
Ask your landlord what the increase in their insurance costs and property taxes have been. I have one property my insurance went up over 100%.
What did your cost do in 2024?
David is such a "down in the trenches", honest, practical, clear eyed financial soldier. Really helpful and encouraging to us folks down here in the mud and muck of retail investing. Thanks to him and you for sharing.
I like it when the guests bring charts to back up their viewpoints. Should be mandatory.
Thank you Adam for having such good guests for us to learn from.
learn how to be continuously wrong.??.. i dont get it... sure one day the mkt will tank but just because
you say it everyday and then you might be correct next month .. next year ..five years from now
doesnt mean shit.
Isn't it incredibly amazing as well as telling how so many of the so called big time "pro Market forecasters", many interviewed on this very channel as well as lots of other channels and who have called the stock market crash incorrectly for the past 2 plus years are still taken seriously and interviewed over and over again to create content for video production??
it's entertainment
Nearly 4 years now.
Absolutely, this and shows like these only exist for a bunch of incompetent useless people to cosplay as knowleadgeable and very important market sages to sell you their garbage services. In fact, I consider them even worse than useless, they are dangerous because they feed a false narrative that allows them to continuously pump garbage content for them to make money while at the same time inspiring fear in people, because that's what sells, fear and uncertainty. The truth is, the world will always be uncertain and bad things can always be around the corner, you don't need these muppets to tell you what's a basic feature of life, and yet, the markets always go up. Even when they go down, they will go eventually go up, that's just how markets operate.
Biden isn't here to save you anymore buddy
Think of them as "confirmation bias" videos. The guest says something dumb, like "Powell flip-flop" -- for not factoring in Trump long before the election but accounting for him when it wasn't a hypothetical -- and people so inclined nod along.
Everything going on is a symptom of Powell not raising rates high enough to begin with
Great guest - keep on bringing in the "old guys" 😉
very astute and articulate guest
this is such a valuable conversation, thank you so much for sharing
I predict that stock market will drop like a rock, I predict that the stock market will go to the moon, I predict the end of the world, and I will be right on all counts, but without timing my predictions are worthless.
Excellent interview Adam. Very timely discussion. Thanks!
Agreed with David's comments at the end: you consistently have some of the best, most thoughtful critical thinkers on your show (you included). Keep up the great work. Those of us who sat in prop seats during the 90's up to the present are getting those nervous sensations that come around occasionally, but there is always something worth buying if you look... These markets are not for play. They are dangerously seductive.
The flows into passive is all that matters. When it corrects our problem will be the retirement system.
And now the government won't be on a hiring spree before an election.
Excellent guest with age old experience. Experience when used properly pays handsome dividends.
Great macro picture presented by Hay and great flow to this interview. Thank you to both of you.
David very bright and insightful. Thank you Adam!
Adam I think your ant and elephant meme is perfect and very telling of our fragile situation. Look out below when it finally slips.
Great interview. Thanks Adam.
Has this show cost its listeners millions or billions?
Superb discussion. Thanks
Great guest
Thank you Adam.
Great interview
It’s vids like this that tell me we still going higher😂
Incorrect. This is the greatest moment in history to short the market.
Can you get Druckenmiller on the show?
Another solid one!
Thank you very much...
The Uranium ETF he is referring to is SRUUF but the real market is in Canada where it trades in U$ under U.U it’s managed by Sprott
thanks
These bear chats are all very logical.... but it's not what happens on the ground. So people who are either not using logic at all and are a bit dumb or gung ho OR others who are v wise indeed and know the market will be propped up by govts despite what should happen given the state of things.... these both go on milking the market and making literal fortunes while we all sit around comforted and feeling smug by our wisdom and 'knowledge' while getting left behind in the money stakes and falling down the financial ladder.
Everyone, literally, calling for a choppy 2025. Its hard to be bearish. Although positioning matters most, and I believe most are long. Gonna be another interesting year.
@@Yetified_Mayhemeveryone? Hmm
Detective of money politics is following this very informative content cheers from vk3gfs and 73s from Frank from Melbourne Australia 🎉
20:10 Why would mass deportations be inflationary? One of the biggest expensses is housing and 10 to 15 million people disappearing overnight would cause housing costs to plummet.
As well as a decrease in food prices
People often do not think of second and third order effects. Housing inventory will loosen. Food demand decreases.. Yes. In the short term there will need to be higher wages paid to get non-working americans off the couch and working. That could be inflationary. However, over time, automation will close gaps on labor and create higher paying jobs (in automation) along the way. So it'll be a choppy mixed bag, is the point.. Also, if we're going to deport labor, we need to abolish programs that incent people to not work. This will cut government costs too. Though the left wants to maintain a dependent voter base....
Buy Silver Platinum & Crystalized Osmium.
So many excellent analysts mentioned, but kathleen tyson on currency flows and richard werner's disaggregated quantity theory and central bank asset purchases are the best analysis to understand the trends and predict the future imo. The question to me is when will the japanese reverse carry trade resume and be joined by the rest of the world. We basically know that china wont stimulate seriuosly until international prices are cheap.
So, long bonds yield can arrive 5.0% this year ?
David, your headphone mic is competing with another one, webcam?
Having lived in Argentina. The same cycle will happen again.
It's good to see so much historical data presented, but a caution is in order when it comes to using valuations for market timing because it hasn't worked very well. Shiller et al showed with academic rigor in 1996 that the USA equity market had little place to go but down. The extreme valuations of the day just screamed from the page of historical "10-yr PE" etc vs "return over the following ten years" plots. The long secular bull market which began way back around 1980 had pushed valuation metrics to outrageous levels ... and yet Shiller was four years early. Four skyrocketing years, even compared to those which had preceded.
Secular bull markets typically run for right around twenty years. The current one started in 2009. Maybe this time it will be less for whatever reasons, or maybe it won't. What I do know is that negative talk starts less than three years into them (e.g. Jim Rogers calling a top in 2011), and continues unabated for the duration. I've studied the market prognostications in Barron's going back to 1960 (on microfilm in a university library). It never changes.
Thanks for your input, Mr. AI. Now go back to Sleep mode
This guy looks astoundingly like the permabear Harry Dent
Permabears are not right until they are right.
what was the ETF David mentioned for Uranium? I didn't see/hear
A small percentage of one's portfolio in SQQQ & SOXS, at this point in time, seems like not a dumb move.
what is the ETF"S to invest in for Japan?
DXJ if you want currency hedge or EWJ if you want yen exposure
You need to do some research on Japan, they're more in debt than any country in the world
I love your show but all these permabears are wrong 90% of the time. Lance and Sven are the voices of reason.
Then the market corrects, and you loose 3 year's gain.
@@OldAndWitheredSure, but I don’t think it’s a good idea for most people to try to time the markets. They miss out on 250% in returns in order to avoid a 20%-30% down year.
And they end up selling the lows and rebuying the highs
Lance & Sven talk out of all sides of their mouth so actually they can usually sound reasonable and correct at times....
@@v-2010 Beats working as a door greeter because you lost everything.
another doom and gloom guy that has been saying the same thing for the past 100 years.
This time, bears have a trump card. Buh bye stock market.
Anyone know what Uranium ETF he was talking about specifically?
lag effect...pig through the python...sheesh! so many hours wasted hearing these excuses from the usual suspects
The everything bubble is transitory
A golden age has started. Time to pack all the bears into a cage and find some guests who understand what is going on.
Hmmm... I understand where a lot of the negative comments are coming from as the bears have not been vindicated for quite awhile, but are you negative commentators predicting up, up, up in perpetuity? If so, why? If not, how far out and when that differs from bears on this channel? It's easy to say, "ha, you were wrong, we made 20%," but if you can't explain why, when you predict an eventual fall, etc, etc is your statement worth anything? I find these conversations interesting and educational.
The crash of 2029 just in time for my permanent retirement from the workforce! I’m so lucky (sarcasm)
Please. Stop! You are not helping! i kn0w as you do the market goes down dramatically but.......... it does matter when. Calling it constantly is like the boy who called WOLF. Sucks.
It's all good until it's not
Not one mention of the money supply.
Most important item for prognosticating. Listen to ProfessorsSteve Hanke & Greenwood
I'm feelin' 1968 more.
Its liquidy, and there is no alternative to the US stock market. Until this changes, the market will go up. That simple. Everything else is just noise
great
Oh No be fearful !!
Am I missing something? How is cheap steaks in Japan supposed to be indicative of a Yen that is “undervalued.”
To me if you can get a lot of steak for a small amount of yen, it’s highly valued?
What am I missing here.
It's not a lot of steak for a small amount of yen - it's the same amount of yen. But the amount of steak you get in USD has become much lower. Food in Japan has become really cheap (I was there a few weeks ago) and was great value in my currency, the AUD.
@ that sounds like less to do anything with the Yen and more to do with food in Japan. Maybe more cheap labor? Which doesn’t make silence cuz I don’t think they have to at either.
But when I went to China the food was insanely cheap compared to the U.S. it wasn’t because they had a “strong currency,” however.
Idk I think I’m missing something here.
@@mohr4less The Yen has been collapsing for the last few years (against other currencies). There is a feeling that it has fallen too far (maybe at 3rd world country levels), and that it will rise sometime in the near future as Japan definitely isn't 3rd world (and maybe due to all of that Japanese equity sitting in the SP500 that will come home at some point). Don't forget the definition of a strong currency at the moment is on the USD side because you can buy lots of Yen with it.
Yes Adam you are the voice of sanity in a sea of advice but you have been wrong wrong wrong for the last 2 years, yes the markets have been going up and up and you have been predicting down down.. maybe ask yourself why? there is something you are missing....
Now that Harris isn't going to be president I noticed the gold markets have stabilized, I guess Trump's policies aren't that disruptive unless you want to go to go up as the economy went downward further.
David Hunter is forecasting S&P 7500 yet Adam refuses to have him on. Too bullish for Adam?
The only guest on this show that has been correct in 4 years is bull, Tom Lee.
But, but, but... Trump has promised us that his policies will immediately drive the U.S. into a "Golden Age". So, David, what gives?
The China Bubble is still a huge problem
If the bond market was up 4%, how come TLT is still in decline??
Inflation is so dead. I just don’t get the narrative that it’s not. Like where will it come from lol. All data is pointing toward slowing
Two of Trump's signature initiatives are more than a little inflationary.
@@marcmcreynolds2827 You're not supposed to say that.
@@marcmcreynolds2827were they during his last term? As I recall we had a hard time keeping inflation up not down during his last term. His hopes to plummet oil prices through supply are also very disinflationary
Your Florida buddy, who vacations is CA dropped this tid-bit. Mortgage refinancing spiked in December despite higher mortgage rates. Marry that up to the big drop in CC balances.... sounds like people over their skis with CC debt, unsustainable, so cash out refi. If they don't cut those cards up, or worse, if they pile into the market expect a Trump Bump and it hits the fan, Co sumers wiped out.
This upcoming crash is going to make the 1929 Great depression look like a 3-day picnic, today most Americans don't own anything it's all debt, then the ones that have cash they are investing and stuff that does not even exist, to many rely on the government to survive.
Sell everything!!!!!😱
Been hearing that for 15 years. Market been up, market been down and here we are. People buy fear because it sells.
@Oilfieldscout you need to understand why it hasn't gone down in the past 15 years, it's called 26 trillion dollars in government debt, what's going to happen when I can't borrow anymore,
@@Fastapproaching when YOU can't borrow and need to, stuff hits YOUR fan. Government has never not been able to borrow. People loaned Argentina money. Nothing hits the government fan.
Greetings frome Germany. Actually Nuclear is being laughed at right now since it's so much more expensive than regenerative Energy. France can't afford new reactors anymore. They are unsustainable without external funding. Not even talking about the risk and disposal questions.
Where do you get regenerative energy that is reliable 24/7/365?
The market's grossly inflated because everyone's 401k money has no place to go
Trump gonna print so much money to try saving this. National debt will hit 50-60 trillion.
Wait, so liquidity just follows the economic cycle!? So, if liquidity bros are constantly updating their projections because things change - you know like economic conditions - what exactly is their model predicting and more importantly what is it measuring to make those predictions. Could it be, no surely not, but could it be economic data that drives liquidity?!?!? Hang on a second, here's a stunning revelation, maybe we could just ditch the liquidity stuff and focus on economic cycles.
Michael Howell would 100% disagree with that. He thinks stocks prices are now fully determined by financial events vs economic ones. To learn why, watch this Thursday's interview with him
Money supply?????
It's Tuesday and we have a new 'Doom' headline that garners clicks.....go figure. I always wonder if these guys invest their own capital based on their own silly predictions they put out to sell their newsletters & Substack subscriptions....
You’ll have to keep wondering, because these “experts” certainly won’t tell you their returns.
Don't forget the conferences!
@@nadmoi I’m surprised he hasn’t started doing cruises too.
It’s turtles 🐢 all the way down….
You've been calling a top since SPY hit 500 😂😂🤣🤣😂😂
Back to back 20% year over year stock market returns. How can you not like that? I can't understand the animosity. Anyway, thank you Jerome Powell for the enormous gains.
This gentleman’s voice and look would play a great Bond Villain giving off DR No vibes 😅
Get a room you two
😂
Candy Korn
Had you listened to Mr. Hay for the last 2 years, you’d have missed out on this entire massive 2-year rally
Eventually David Hay will be right, like a broken clock ⏰
Ah, but the recent massive rally will only show profits if you release them. This historically is where investors miss out. By not taking profits. There is no point making 27% if the next year it loses the same or more or even half. That will mean 2024 would only return 6.5% over 2024/ 25. And that's if it only halves. Take your profits and don't have regrets.
same story diff day... the world is ending ... i mean tomorrow.. weill the next day then...
OMG...more gloom and doom from this guy... he's poor, he has made millions poor as well...
Na
8th, 21 January 2025
At this point all the bears should be at the circus 🤡
And that’s the mentality that leads to big losses my friend
@@Dressy7You’re not supposed to try to avoid the losses. You construct your portfolio in such a way that corrections are a boring opportunity.
@JRRob3wn and a buying one too.😊
You can print money and going deeper and deeper into trillions in debt forever. It's fantastic!! I'm quitting working next week
This channel has become a joke.
Another 30% market gain this year. Don't worry, Trump will not let this market go down.
Trump is a meaningless pawn in a game of actually powerful people. He's being set up for it all to explode in his face so that his base, overconfident as you are, will turn on him. Which ofc you will...
He also committed to limited government spending… so probly not
The average annual gain in a typical secular bull market is about 16% ex inflation, and they have consistently run for about twenty years. So back-to-back gains above 20% are not uncommon, but neither are they to be expected.
Trump can only control government spending to control interest rates and inflation and he's not going to cut spending because he's a spender in Chief, cutting spending will crash everything
This is getting embarrassing.
It's not a question of calling your favorite Ghostbusters. Neither the FED nor the Treasury can decide whose ox they are going to gore or whose cow is going to die.
It is a question of applying equitable principles to reconcile the hardships which have been inflicted on the innocent hardworking citizens, while the gamblers & the speculators have been permitted to use Financialism for one-half of a century to ensnare the People with involuntary servitude and debt slavery.
Economic limericks are not the answer when THEY are Broke:
th-cam.com/video/NZwGk5xmlq0/w-d-xo.htmlsi=u7b68n0jwQ0xpKv1
Am I missing something? How is cheap steaks in Japan supposed to be indicative of a Yen that is “undervalued.”
To me if you can get a lot of steak for a small amount of yen, it’s highly valued?
What am I missing here.
...cheap, relatively speaking, in U.S. dollars.
You can get a lot of steak in Japan for a small amount of US dollars was our point. The yen is very weak vs the USD right now