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re: "40-year veteran of Wall Street with a knack for market timing calls a bottom in stocks"
Posted on 12/13/18 at 11:22 am to LSURussian
Posted on 12/13/18 at 11:22 am to LSURussian
Warren has been nothing short of remarkable and has had major tailwinds to help him as during his lifespan the credit expansion that it takes to make markets rise the way they have is starting to tilt in the other direction for the forseeable future due to automation as well as spending habits changing rapidly.
Just think about it: the young ones hardly even buy cars any longer. They take Uber and Lyft. Could THIS be what oil might be telling us?
They are not buying many homes as they just can't afford to.
These are just a few examples I was trying to convey in another thread I was ridiculed in. But hey, I get it. I don't want things to change either as far as our standard of living goes.
Interesting times we are in...
Just think about it: the young ones hardly even buy cars any longer. They take Uber and Lyft. Could THIS be what oil might be telling us?
They are not buying many homes as they just can't afford to.
These are just a few examples I was trying to convey in another thread I was ridiculed in. But hey, I get it. I don't want things to change either as far as our standard of living goes.
Interesting times we are in...
1
Posted on 12/13/18 at 11:45 am to Hussss
quote:That's just not true.
the young ones hardly even buy cars any longer.
Millenials tend to live in larger cities more so than their parents thus making car ownership less important to them but the U.S. still leads the world in vehicle ownership for driving age population at 96.3%. So saying "young one hardly even buy cars any longer" is a bigly exaggeration.
Plus, auto ownership is growing worldwide mainly due to the huge Chinese population buying cars where currently the per capita ownership rate is less than 15%.
quote:So the cars driven by Uber and Lyft run off of unicorn farts??
They take Uber and Lyft. Could THIS be what oil might be telling us?
quote:Home ownership in the U.S. is steadily increasing following a decline which bottomed out in 2016.
They are not buying many homes as they just can't afford to.
quote:You were ridiculed for good reason....
These are just a few examples I was trying to convey in another thread I was ridiculed in.
quote:When were times not interesting?
Interesting times we are in...
This post was edited on 12/13/18 at 11:48 am
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