The political economics/finance/money/markets thread

[steve dave]

THE INDEX FUND UNDERSTANDERS HAVE LOGGED ON

https://twitter.com/jordanbpeterson/status/1703165156430069979


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[Spracne]

You’re thinking of this place all wrong, as if they have the money back in a safe. The money’s not in Blackrock/Vanguard. Well, your money’s in Joe’s house. That’s right next to yours. And then the Kennedy house and Mrs. Macklin’s house and a hundred others. You’re lending them the money to build and then they’re going to pay it back to you as best they can.

[DaBigTrain]

Yes, owning the best companies in the world is bad business for the biggest investment firms. Should be owning the penny stocks at the highest level.

[sonofdaxjones]

#blogkaren assassinates the obvious (again)

#blueanon political and thought leaders are getting angrier at Blockrock and Vanguard because they say they're not doing enough ESG'ing . . . while being very pleased that the same, plus JPMC and Goldman are lining up to feed off the UkgroGrift with the help of an American oligarch family.

The parents of #blueanon used to get  about Halliburton. 

It's just fascinating.   

[steve dave]

the index fund understanders continue to log on!


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[passranch]

Really makes you think.

[MadCat]

It's like if I own Vanguard index funds, am I the bad guy?  Or who is pulling MY strings? 

[steve dave]

lmao

https://twitter.com/zerohedge/status/1577397604438183944?s=46&t=odWzhuZU7P443NcVwlC1iQ


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[Kat Kid]

Perma bears are always mad

[steve dave]

Perma bears are always mad

Did you see Burry closed out his short of the S&P/nasdaq? lmao

[kim carnes]

The economy is so hot nobody can afford to live

[steve dave]

The economy is so hot nobody can afford to live

yeah, idiots are saying that all over the place irl.

[kim carnes]

The economy is so hot nobody can afford to live

yeah, idiots are saying that all over the place irl.

It’s literally true

[kim carnes]

Maybe look outside of the bubble that is the Midwest

[steve dave]

Maybe look outside of the bubble that is the Midwest

I regret to inform you that you're wrong (obviously)

[kim carnes]

How’s our credit rating looking?

[kim carnes]

How bout the debt to gdp

[kim carnes]

How bout the cost for a ski trip to aspen vs pre-pandemic

[steve dave]

How’s our credit rating looking?

lmao what on the earth does that have to do with what you said? 

[steve dave]

Maybe look outside of the bubble that is the Midwest

I regret to inform you that you're wrong (obviously)

real wages. though you are right that specifically Miami (woof) they may be flat/down?

[IPA4Me]

Perma bears are always mad

Did you see Burry closed out his short of the S&P/nasdaq? lmao

Unless you sit on a Congressional committee with some good scoops.

[steve dave]

There is a huge tendency during times like this for people to say MY PERSONAL wealth/earnings/credit/lifestyle/retirement is strong but OVERALL the country is struggling. A lot of data points, surveys, etc. on that. I'd guess you are in the best financial position of your life Kim Carnes. Just like me and most of the people posting on here. The fact is that overall the American consumer is in the best place they've been since data has been tracked. It'll fade some eventually (at least the rate of growth) but right now people are spending and household wealth is at an all time high. Doesn't mean everyone. Obviously I feel like crap for the Gen Z new household wanting to buy their first house.

[kim carnes]

Open your eyes steve

[steve dave]

Open your eyes steve

 

[IPA4Me]

Perma bears are always mad

Did you see Burry closed out his short of the S&P/nasdaq? lmao

Unless you sit on a Congressional committee with some good scoops.

Right on cue

https://twitter.com/unusual_whales/status/1725281994844831865?t=4Vbf3kA0cIm9GbvnOopRsQ&s=19