Larry hasn't had much interesting to say lately, but this was insightful. To me it feels like the covid reset did end the secular stagnation problem.. or at least replaced it with inflation, made persistent by war and production shortfalls. He's right that inflation is going to sit at 4-5%. That does seem like it's going to put some pressure on the bond market.. Glad I'm not too long on bonds but all those auto 'risk balanced' portfolios are probably going to keep looking very stupid.
In the US those making $700 an hour have convinced those making $25 an hour that the problem is those making $7.50. Larry has supported that absurd notion.
No one and I mean no one makes $7.5 an hour, McDonald's by my house is hiring at $20 to start with all sorts of other perks and benefits with $7500 in tuition reimbursement for unskilled workers in a poor area.
Larry is right, we need to be more balanced and stop spending money we dont have on absolutely nothing. Its one thing to go into debt a trillion dollars to build the interstate system or something else that actually increases productivity and well create a future positive return on investment but giving out people all sorts of free money so they can go consume things now and sit at home and not produce anything for years on end not have to pay their rent or bills college loans is not going to end well..
Brrr brrr
more funny money
Let's gooo
Larry hasn't had much interesting to say lately, but this was insightful. To me it feels like the covid reset did end the secular stagnation problem.. or at least replaced it with inflation, made persistent by war and production shortfalls. He's right that inflation is going to sit at 4-5%.
That does seem like it's going to put some pressure on the bond market.. Glad I'm not too long on bonds but all those auto 'risk balanced' portfolios are probably going to keep looking very stupid.
In the US those making $700 an hour have convinced those making $25 an hour that the problem is those making $7.50. Larry has supported that absurd notion.
No one and I mean no one makes $7.5 an hour, McDonald's by my house is hiring at $20 to start with all sorts of other perks and benefits with $7500 in tuition reimbursement for unskilled workers in a poor area.
Larry is right, we need to be more balanced and stop spending money we dont have on absolutely nothing. Its one thing to go into debt a trillion dollars to build the interstate system or something else that actually increases productivity and well create a future positive return on investment but giving out people all sorts of free money so they can go consume things now and sit at home and not produce anything for years on end not have to pay their rent or bills college loans is not going to end well..