Market is nearly 50% passive. Which is over-inflating many companies. Add to that student debt (underwritten by parents) and auto loan debt. It’s going to be bad...
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So is GDP, GNP, PPP etc. All econ metrics especially the ones on TV are BS. But the economy is a belief machine fuelled by animal spirits. If people believe it goes up it goes up (generally).
Thanks. Twitter will use this to make your timeline better. UndoUndo
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