re: dow at this rate

Trump will enact his "No Dow Below 40,000" EO.

It would have been headed to 100 if we kept spending like Biden did. I believe this is just a correction which is very typical for the first year of a president. It's also typical after 2 very good years in the market. But, what should make you happy It's also typical in situations like this to end the year between -5% to +10% so don't freak out and dump all your investments.

quote:

---

-consumer debt
-per capita GDP

---

Here's a comparison more people need to see:
US net debt per capita for 2023: $93,500
US GDP per capita for 2023: $82,769.41

US net debt per capita for 2024: $106,000
US GDP per capita (2024 estimated): $89,680

YoY debt growth: 12%
YoY GDP growth: 8%

quote:

---

I mean my 401k is down 30k over the last month and a half. I don't think capital gains would have hit me that hard,

---

Here’s you from a few months ago

Crazy how it mattered to you then and now you’re spewing this nonsense. Wonder what changed!

its really pretty simple. Doge takes 20% out of the economic cycle that was paid for with debt. That walking around money the dems were spreading around went to restaurants, hotels , travel and daily purchases. It's gone and recession is now.

recession will be over when trump starts tax relief for the middle class to reinflate the economy

quote:

---

The concern I have with GDP during the post COVID period is the inclusion of the massive government deficit spending.

$2T in debt skews the data so radically that it’s almost impossible to see the reality of our output without excluding that and my understanding is we don’t adjust our data for that factor like we don’t properly factor in candidates not actively seeking a job despite not having one into our unemployment numbers.

---

I look at that money more in the context of the inflation it caused, leading to the economic shite we've been in since then. GDP to debt was already high, but it jacked it up to the point where it debt grew faster than GDP due to federal spending increasing as well as consumers trying to offset inflation onto their credit cards (which now carry 20%+ interest rates).

Effectively, all that COVID money poured MiracleGrow on the consumer debt bubble, to the point where any GDP growth is dependent on debt growth. That has only one mathematical outcome and it ain't "borrow your way to prosperity".

quote:

---

tigerdup07

---

How old are you baw?

quote:

---

Tell me you don't have 401k without telling me you don't have 401k.

---

Are you cashing out your 401k?

quote:

---

Why do you care about the stock market? If you paid any attention, the Trump admin is trying to help main street America, not million and billionaires in the stock market.

---

Warren Buffet says hello as he patiently waits to buy in with mounds of cash. He is the luckiest man alive selling off over the last year and accumulating cash. Recession and market corrections are for the wealthy, not the working stuffs. I believe, like Covid, this was planned.