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SP500 is flat this year when you account for loss of purchasing power of the US dollar: https://ycharts.com/indices/%5ESPXEUR https://ycharts.com/indices/%5ESP
by lotsofpulp 1y ago
SP500 is flat this year when you account for loss of purchasing power of the US dollar:
https://ycharts.com/indices/%5ESPXEUR https://ycharts.com/indices/%5ESPXEUR
- noir_lord 1y agoFactor out the AI companies doing circular dealing to juke their stock price and GDP growth was like 0.1% combine that with purchasing power loss and US economy is net negative. It's pretty clear what happens next. Over 42 million people are about to lose their SNAP payments in 4 days[1] and millions more medical care. It's gonna get bad. https://www.bbc.co.uk/news/articles/c4g7d9j7p5qo https://www.bbc.co.uk/news/articles/c4g7d9j7p5qo
- drstewart 1y ago"Exclude data I don't like, combing it with other data that's unrelated in unknown ways, and voila: DOOM!"
- raw_anon_1111 1y agoThe only publicly traded companies that are involved in what could be considered circular dealings in enough volume to affect their stock price are Nvidia and Oracle.
- johnnyanmac 1y agoSo, the company that, by itself, is 10% of the S&P 500. I never would have bet on an Nvidia crash alone being what causes the 21st century great depression, but reality is alwways stranger than fiction.
- drstewart 1y agoNo it's not: https://ycharts.com/indices/%5ESPXCAD https://ycharts.com/indices/%5ESPXCAD https://ycharts.com/indices/%5ESPXJPY https://ycharts.com/indices/%5ESPXJPY https://ycharts.com/indices/%5ESPXCNY https://ycharts.com/indices/%5ESPXCNY Hmm, might have you cherry-picked some data?
- johnnyanmac 1y ago>when you account for loss of purchasing power of the US dollar: I see about a 10% growth in your charts and that's what experts estimate the loss on the dolar has been this year. What's the deal?
- drstewart 1y agoThe "deal" is that those chats are already adjusted to foreign currencies. That's 10% growth in those currencies. Maybe your experts aren't such experts.
- johnnyanmac 1y agoWhy are we pretending that other currencies also aren't falling? Those charts don't negate that suggestion. I'm no expert myself, but feel free to argue with them if you are: https://www.morganstanley.com/insights/articles/us-dollar-declines https://www.morganstanley.com/insights/articles/us-dollar-de... https://economictimes.indiatimes.com/news/international/us/dollars-10-slide-under-trump-has-cost-you-paul-graham-issues-stark-wealth-warning-and-explains-how-much/articleshow/124362402.cms?from=mdr https://economictimes.indiatimes.com/news/international/us/d... (note: This one comes from Paul Graham himself).