I mean, details matter
Post-Corona Economy
Post-Corona Economy
Overall to the point I was making, it doesn't.
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
I was going off of previous information about these trials and the "new" 40 hour work week. Apologies. To be fair, I'm amazed the whole article is written without mentioning racism or how traditional 40 hour work weeks negatively impact minority communities the most.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Post-Corona Economy
Don't forget women, and those who identify as LGBTQ
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
We increase productivity by about 1-2% a year. GDP grows about 2-3% a year. It's not like there's a massive economic cushion.
It's not me, it's someone else.
Post-Corona Economy
OK, a little early but...TheCatt wrote: ↑Wed Dec 15, 2021 2:10 pm Fed will cut asset purchases completely by March 2022, and will probably raise rates 3x next year.
Note: This has always been a turbulent time for markets, regardless of how expected the actions are.
I'm going to go bold and say that the stock market barely moves over the next year, or goes down.
DJIA 35,641.50
S&P 500 4,648.59
NASDAQ 15,251.42
- Cake says "I'm going to predict a pretty harsh slide next year, with some recovery but resulting in the markets being lower next year."
- Leisher says "pain"
!RmindMe 12/15/2022
Markets = Down 15% from that post.
It's not me, it's someone else.
Post-Corona Economy
Each one did something different.
DJ went down but pretty much recovered. If this was the Price is Right showdown, you'd have won with that estimate.
S&P couldn't make up its mind about what to do.
NASDAQ tanked and stayed down.
My investments are down about 16% from last year. Ouch. Pretty much erased all of my 2021 gains (and then some). Curious how you guys did (if you care to share) so I know if I need to change managers!
DJ went down but pretty much recovered. If this was the Price is Right showdown, you'd have won with that estimate.
S&P couldn't make up its mind about what to do.
NASDAQ tanked and stayed down.
My investments are down about 16% from last year. Ouch. Pretty much erased all of my 2021 gains (and then some). Curious how you guys did (if you care to share) so I know if I need to change managers!
Post-Corona Economy
1) Index fund + chill. No need to pay a manager.
2) I don't track pieces of our portfolio, only the total. We're up cuz a lot of our $$ is invested in the fund where I work, and it's had a good year.
But the S&P500 is down about 15% +/-, so 16% down is ballpark.
It's not me, it's someone else.
Post-Corona Economy
1. Does your index fund charge an upkeep?
Post-Corona Economy
I've got until next summer and I got pull out 50% of my retirement here and invest it elsewhere to diversify. Can't wait.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Post-Corona Economy
Used car prices falling, still 43% higher than pre-pandemic.
It's not me, it's someone else.
Post-Corona Economy
Exactly the same way I look at the housing market.
Real estate agents - "Prices are falling buy now!!!"
Me - "How about we wait until they fall back to where they were before they were artificially inflated?"
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Post-Corona Economy
I think the new floor will be higher than where they were. 1) mortgage rates seem to have peaked (but maybe not). 2) a lot of $ was injected into the economy, so that's just a permanent increase.
It's not me, it's someone else.
Post-Corona Economy
I expect that, yes. That's business 101, never miss a chance to raise prices.
I drive by an Arby's every day and their sign currently says 4 roast beef sandwiches for $10.
I remember, as an adult, getting 5 for $5.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Post-Corona Economy
1998ish was the last time there was a 5 for 5.
That's the Gen-X version of "When I was little soda pop only cost a nickel."
That's the Gen-X version of "When I was little soda pop only cost a nickel."
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
Is Bazooka Joe gum still around? Still $.03 and $.05?
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Post-Corona Economy
I was a Swedish Fish man. One cent each at the little corner grocery. Find a dime on the sidewalk? Fuck yeah, swedish fish. Find a loose pop bottle with a 10 cent deposit? Etc
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”