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"The economy," at least as far as the big publications is concerned since the early 80s, has always been about stock performance and unemployment numbers regard
by MisterBastahrd 3y ago
"The economy," at least as far as the big publications is concerned since the early 80s, has always been about stock performance and unemployment numbers regardless of who is in charge.
Stock performance is great. Unemployment numbers are great. To them, inflationary periods are just a time when big businesses which are flush with cash get to buy up smaller, cash-strapped businesses at discount rates. And the average consumer is so stupid that they're using credit just to maintain their lifestyles.
- benreesman 3y agoI’m not exactly a Jane St. quant, but people piling into SPY at a time when 40+ PEs for mature businesses are the order of the day and bond yields are spiking via open-market operations doesn’t smell right.