Oso planning to go pro
The idea of the American Dream is a "pull yourself up by your own bootstraps" type of thinking. That it doesn't matter what your social standing is at birth - you are the one largely responsible for making yourself successful. Now I think the United States still provides those opportunities, but has been bypassed by a number of others on the social mobility scale.The "high floor" as Wags puts it, socializes education and health care in a way that takes out two of the largest factors that IMO are detriments to social mobility here.
It’s easier to achieve upwards mobility here than many places in the world but it certainly isn’t everyone starting at home plate. Its also very unforgiving to misfortune
We're in that curious space where the markets don't love a sterling economy.Jobs: +216,000 (46K over estimates)Unemployment: flat at 3.7% (+.2% better than estimates)Markets: "meh"
Well, the market is near an all-time high, and SPY did just gain 24% last year. So a little better than "meh."
Meh in reaction to these numbers, as it lessens the chance and speed of the predicted 6 interest rate cuts this year, which seemed overly optimistic to me anyway.
Most predictions I've seen have been 3 rate cuts in 2024. It'll be interesting to see what actually happens.
We're in that curious space where the markets don't love a sterling economy.Jobs: +216,000 (46K over estimates)Unemployment: flat at 3.7% (+.2% better than estimates)Wage growth: +4.1%Markets: "meh"
Well, it is an election year. Any port in a storm, aina?
Last I heard, the current president didn't do what your lord did: constantly badger and berate Powell, threaten to fire him, call him an "enemy" of the American people, etc. All to get a couple of rate cuts that weren't necessary during an economy your lord claimed was the best ever. The current president has let Powell do his job. And as Wags said, Powell has been doing it pretty darn well.
It is real simple, smart money is in ahead of good news and idiots are in after good news.
Honest question here. If you had $500k to either invest in the s&p 500 or buy an airbnb lake house grossing 30 to 40k a year non guaranteed a year, what would you choose?
I am rhe opposite of an expert. My retirement investment plan was to stay at a job with a really good pension. Pay off a house early. Stay in it. Stay married to my first wife. Put money into my 457 and her 401k plans. Live within my means. And then to trust the process and the market. I have friends who chase every market trend. I have friends who are financial planners. The former frustrate the latter. I understand the impulses. It just isn't me.In answer to Howardsworld's really fun question, my wife and I are leaving our half million plus in the aforementioned 457 and 401k. No interest in being a landlord.