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Author Topic: US Economy thread  (Read 4226 times)

MU82

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Re: US Economy thread
« Reply #200 on: February 09, 2024, 07:37:54 PM »
Back to the economy.  S&P 500 now at 5,000 +.  By my calculation that's a 5.38% gain already this year and we're just in the first full week of Feb.  I hope the market is not getting ahead of itself, but so far earnings seem to be supporting.  I guess it's just a waiting game for now to see how things pan out, but for 2024 so far so good.

The stock market isn't the economy, but I do agree that, in general, the U.S. economy is solid.
“It’s not how white men fight.” - Tucker Carlson

4everwarriors

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Re: US Economy thread
« Reply #201 on: February 09, 2024, 08:27:54 PM »
Huh, da ekonowmee iz dung, hey?
"Give 'Em Hell, Al"

MU82

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Re: US Economy thread
« Reply #202 on: February 11, 2024, 04:10:10 PM »
From Seeking Alpha:

Maybe it was the prevalence of stock-trading apps combined with stimulus checks, but adults under 40 years old saw their wealth rise rise more than middle-aged or older adults since 2019, according to study by the Federal Reserve Bank of New York's Liberty Economics.

For individuals 39 and younger, wealth surged by a whopping 80%. Contrast that with those 40-54, which saw wealth increase by 10% and those 55 and over, which logged in a 30% gain.

Financial assets contributed the most to the increase. For those under 40, the real value of their financial assets rose more than 50% between 2019 and 2023. The 40-54 group saw only a 3% rise, and the over-50 cohort experienced a 20% boost.

https://seekingalpha.com/news/4065233-younger-adults-see-wealth-rise-the-most-since-the-pandemic-new-york-fed?mailingid=34314133&messageid=2900&serial=34314133.26783&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=34314133.26783
“It’s not how white men fight.” - Tucker Carlson