Lewis2
23d ago
Oh, give him a break. Most people are bad at math, especially when dealing with such large numbers.
Lewis2
23d ago
Stock market going down? Woke (((Financiers))) are manipulating prices to try to force a panic and foment opposition to Trump.
Comments like this don’t help dispel that impression:
With uncertainty emanating from DC, some on Wall Street say it’s time to send an unambiguous message to the president and his team: Don’t buy the dip.
Stocks are cheaper than they were a week ago, so it’s only natural investors may take a break from the sell-off and load up on some bargain assets. But going into dip-buying mode risks rewarding Trump for playing chicken with the global economy. Like training a puppy, you sometimes need a negative correction if you want it to stop peeing on the rug.
”We need this market to crash — to keep the pressure on the administration,” Ed Yardeni, president of Yardeni Research, told my colleague Matt Egan on Monday. That is a frankly shocking comment from an analyst as prominent as Yardeni, who also happens to have a Ph.D in economics from Yale.
Lewis2
24d ago
The metropolitan area has also been experiencing a minor renaissance, with a new and different class of people replacing the previous residents. You’d need to somehow control for gentrification to get a true sense of the stats.
Lewis2
25d ago
These charts of food prices per hour worked in England may be of interest. Along similar lines, I happened to be reading some 100+ year old newspapers about a month ago, when egg prices reached their zenith, and I was interested to see that, correcting for inflation, eggs regularly cost more than $6.00 per dozen c. 1910–1920, which is higher than any of the highly elevated prices I saw recently.
I also recall reading in an old book of etiquette from the late 1800s that a gentleman should look to spend 2–3 months’ income when purchasing a suit. I cannot fathom spending a sixth of my annual salary on a suit today.
Lewis2
25d ago
Thanks to you and @TowardsPanna for the advice. I’ve never invested in anything but stocks and mutual funds with my IRA, and I didn’t think to look into other options. I also make much less than most people here and so can’t usually max out both my IRA and my employer-matched 401k. But then, I live in a low cost of living area and likely spend vastly less than most of you.
Lewis2
25d ago
Last year, and so far this year, I avoided putting anything into an IRA, expecting a stock market decline sooner or later. I still have a week to make contributions for 2024. Does anyone have any thoughts as to whether now would be a good time to buy, or whether I should just forgo any IRA contributions for 2024? (I did put money aside in my now decimated 401k.)
For my money, the funniest Mel Brooks movie has to be Young Frankenstein, though it seems much less well known than Blazing Saddles.
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