It also worked on bonds, stocks, real estate, crypto, meme stocks, and NFTs.
Of course. The effects of increased demand. What are you so surprised?
extra government spending was not aimed only at the consumer. Several laws signed by Biden helped build up manufacturing investment, infrastructure and green energy. These things are not sugary treats - they are long-term investments that should be seen as bulllish for stocks. They are, apparently, working. Absolute boom going on.
February 2023 Bear David Rosenberg absolutley poo-pooed the idea of a soft landing. Said it was a hoax.
But here we are, six months later, with apparently 5% real economic growth going on.
All the while the leading econ indicators have been signaling recession. Never stopped, to my knowledge.
I might save this one - a classic of the genre. Econ guy unwisely putting all his faith in economic numbers.
David Rosenberg @EconguyRosie The ‘no landing’ narrative is the biggest hoax Wall Street economists have peddled since ‘global decoupling’ in 2008. Follow the leading indicators, not the Pied Pipers.
1:14 PM · Feb 23, 2023 · 172.8K Views
The ‘no landing’ narrative is the biggest hoax Wall Street economists have peddled since ‘global decoupling’ in 2008. Follow the leading indicators, not the Pied Pipers.
The lemonade stand has been flowing forever pretty much. Are you going to criticize the lemonade stand or are you going to get on board? The lemonade stand has made many Americans very wealthy while those who chose not to go the lemonade stand are hurting big time.
Maybe we should revisit the discussion on mortgage expense being front end loaded:
“With 30-year mortgage rates >7%, a house purchased for $500k w/20% down=finance charges of 207k just 24 months ago…same purchase today=finance fees of 600k over 30 years. So, a $500k house now effectively costs $1.1M over its financing period.”
“Here's the period from Mar 1998-Nov 2020 for the 30yr bond. A 22 year trip with S&P 500 lagging bonds is unusual, but ZIRP helped that. Bonds have been crushed since then, while equity valuations remain extreme, setting up a similar trip.”
Maybe we should revisit the discussion on mortgage expense being front end loaded:
“With 30-year mortgage rates >7%, a house purchased for $500k w/20% down=finance charges of 207k just 24 months ago…same purchase today=finance fees of 600k over 30 years. So, a $500k house now effectively costs $1.1M over its financing period.”
Nothing surprising about that. You’re provided an amortization table for a reason.
A year ago, looks like Dimon thought chances of what we apparently have were just 10%. He thought there was a 40-60% chance of a bad recession or even worse than a bad recession.
Dimon was correct on his prediction for the Fed Funds Rate at end of year 2022.
JPMorgan Chase & Co. JPM, -2.07% CEO Jamie Dimon said recently he sees a 20% to 30% chance of a "harder recession" and a 10% chance of a soft landing in the economy as the U.S. Federal Reserve hikes interest rates, according to a Saturday report from Yahoo Finance. Dimon reiterated his view that "storm clouds" remain on the economic horizon. He said he sees a 20% to 30% chance of "something worse" than a harder recession, but added it would be a mistake to pinpoint the exact probability. He expects the Fed's interest rate to rise to 4% by the end of the year from 2.4% now.
JPMorgan Chase & Co. undefined CEO Jamie Dimon said recently he sees a 20% to 30% chance of a "harder recession" and a 10% chance of a soft landing in the...
Fab 7 all having great days. Just wait till Oct/Nov/Dec when we might be seeing all-time highs again. Hussman/Grantham - LOL.
Looks like we might have all-time record highs for all indexes year-end. Just blowing the former all-time high for the indexes. What will Hussman/Grantham and Igy say when we reach all time highs? Will they be at a loss for words or will they instead predict 2024 will be the downfall for the indexes?
Fab 7 all having great days. Just wait till Oct/Nov/Dec when we might be seeing all-time highs again. Hussman/Grantham - LOL.
Looks like we might have all-time record highs for all indexes year-end. Just blowing the former all-time high for the indexes. What will Hussman/Grantham and Igy say when we reach all time highs? Will they be at a loss for words or will they instead predict 2024 will be the downfall for the indexes?
You must be wrong. Just two days ago, Igy said it could be a DECADE before the S&P 500 reaches a new high. He couldn’t be that wrong, could he? 😂
Looks like we might have all-time record highs for all indexes year-end. Just blowing the former all-time high for the indexes. What will Hussman/Grantham and Igy say when we reach all time highs? Will they be at a loss for words or will they instead predict 2024 will be the downfall foHasr the indexes?
You must be wrong. Just two days ago, Igy said it could be a DECADE before the S&P 500 reaches a new high. He couldn’t be that wrong, could he? 😂
A year ago, looks like Dimon thought chances of what we apparently have were just 10%. He thought there was a 40-60% chance of a bad recession or even worse than a bad recession.
Dimon was correct on his prediction for the Fed Funds Rate at end of year 2022.
JPMorgan Chase & Co. JPM, -2.07% CEO Jamie Dimon said recently he sees a 20% to 30% chance of a "harder recession" and a 10% chance of a soft landing in the economy as the U.S. Federal Reserve hikes interest rates, according to a Saturday report from Yahoo Finance. Dimon reiterated his view that "storm clouds" remain on the economic horizon. He said he sees a 20% to 30% chance of "something worse" than a harder recession, but added it would be a mistake to pinpoint the exact probability. He expects the Fed's interest rate to rise to 4% by the end of the year from 2.4% now.
Agip - we have 10,000 "experts" saying we are headed towards a recession and another 10,000 saying we are not. We have 10,000 "experts" saying that the market will tank this year and another 10,000 saying we won't. Please quit posting what they say - 99% of the time they are wrong.
A year ago, looks like Dimon thought chances of what we apparently have were just 10%. He thought there was a 40-60% chance of a bad recession or even worse than a bad recession.
Dimon was correct on his prediction for the Fed Funds Rate at end of year 2022.
JPMorgan Chase & Co. JPM, -2.07% CEO Jamie Dimon said recently he sees a 20% to 30% chance of a "harder recession" and a 10% chance of a soft landing in the economy as the U.S. Federal Reserve hikes interest rates, according to a Saturday report from Yahoo Finance. Dimon reiterated his view that "storm clouds" remain on the economic horizon. He said he sees a 20% to 30% chance of "something worse" than a harder recession, but added it would be a mistake to pinpoint the exact probability. He expects the Fed's interest rate to rise to 4% by the end of the year from 2.4% now.
Agip - we have 10,000 "experts" saying we are headed towards a recession and another 10,000 saying we are not. We have 10,000 "experts" saying that the market will tank this year and another 10,000 saying we won't. Please quit posting what they say - 99% of the time they are wrong.
NVDA trading at 52-week highs after hours. +5% after hours after rising 3% in the regular session. Next leg up for the market now?
My feeling, as expressed before, is that we are somewhere at the beginning of an AI-driven bubble that will grow for some time, feeding from the enthusiasm of the crowd, eventually out-stripping reality and subsequently bursting. If I were to look for an example from the past for instruction, maybe this is like the mid-90s. Or possibly the late-90s. Lots of money to be made. And then, by some, lost... Buyer beware :-)
