re: Is everyone about to lose their shirt in this economic fallout?

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Did you buy the house to flip or to live in for at least 10 years? If the latter and your job is fairly recession-proof

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Bought to live in maybe the next 5 years. Hopefully I can make 10 but who knows. Suppose I could always rent it if needed. Just started a new job in construction. Hoping the gig is solid.

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Is there a current national index in any country in which that index is markedly outperforming ours and that country is exhibiting national economic politics that we should emulate?

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Can you define what you mean by national index?

If you mean something like inflation and GDP, I can put Saudi Arabia up. Their GDP has averaged 2.4% for the year thus far and their inflation is currently at 3%, up .7% from Q1.

The real problem though is trying to gauge by any index is to gauge by symptoms and not looking at who is doing what to fix things. The question shouldn't be "whose index is better" but rather "who is doing things which will end up bringing them out of this problem sooner". (an answer off the top of my head is: the UK - see the new PM's push to bring back offshore drilling, for example).

Much of our problem is the force-feeding of liquidity due to COVID after far too much QE for far too long and mixing that in with expanded welfare benefits, supply issues and an administration hell-bent on ending all use of fossil fuels (there is no worthwhile economy which does not run on a foundation of fossil fuels providing the majority of their energy) before having the technological ability and infrastructure in place to cost-effectively replace it with anything else with comparable utility.

One of the biggest factors Trump relied on for the economic boom we had under his Presidency was supply-siding oil and gas. Cheap oil and gas meant cheaper energy and fuel, which meant cheaper costs to produce and transport, which meant cheaper prices for consumers. His tax package cut taxes across the lower tiers, meaning more people kept more of their money to buy these inexpensive products.

Biden, on the other hand, has done the polar opposite and he knows it. It's why he's been drawing down 1Mbls/day and gone begging to the Venezuelans and Saudis instead of incentivizing more domestic production and exploration. This is also why we're going to see oil prices going back up after the drawdown stops in November.

I bought a bunch of Shopify at $150 and was on top of the world last fall when it was at $1600…. A 10way split later I’m at $28 ($280) and completely deflated by my greed and oblivion.
Even with no hope in sight on this one, I’ll hold as a reminder that pigs get fat & hogs get slaughtered….
Although I doubt I’ve really learned any lessons…

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doom and gloom

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There was plenty of this when the marker was up too

The market drops 20% and people are thinking it’s the end of the world. Chill guys. Just chill.

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Can you define what you mean by national index?

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People cite to the performance of the S&P or the DJI as a stand in for the US domestic stock market. I mean equivalent indexes in other countries that are cited as stand ins for their domestic stock markets. Sometimes it’s literally a national index. Sometimes it isn’t. That’s why I was being generic.

Eta: I keep seeing people saying that the next election might “save” the US domestic market. I find that position interesting since it seems like everyone is in the shitter across the entire fricking planet. So I’m trying to understand the logic of whatever magic wand people think the president has, short of crazy QE, which those same people claim they don’t want to continue seeing.

I'm absolutely no Biden fan and I think we've ended up with $80 oil in spite of him but isn't $65-80 sort of equilibrium for the oil market?

Not saying we stay here either. But at a certain price point companies don't want to drill and at another one it starts to hurt the economy.

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The market drops 20% and people are thinking it’s the end of the world. Chill guys. Just chill.

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Wasnt talking about the market sport talking about the prices going up on everything and trying to live with them on a fixed budget.

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Bard

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So now that you understand what I meant by international domestic indexes, do you have an answer to my original question?

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So now that you understand what I meant by international domestic indexes, do you have an answer to my original question?

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No, because it's not a good question. The world economy is heavily influenced by the USD, it's why we have the saying of "when the US economy sneezes, the world catches a cold".