Thread 🧵
Thread 🧵
“.. There are two ways to get this SP500/M2 ratio back down .. One is to have prices stay where they are, and print a bunch more money .. The other is to keep the money supply the same, but to have the SP500 come down a lot ..”
“.. There are two ways to get this SP500/M2 ratio back down .. One is to have prices stay where they are, and print a bunch more money .. The other is to keep the money supply the same, but to have the SP500 come down a lot ..”
Now that the tariffs will be 15% or more, the SP500 is 6300.
Ok.
Now that the tariffs will be 15% or more, the SP500 is 6300.
Ok.
Starlings flocking at sunset
Fuji Acros II
Pentax SP500
Tamron Adaptall 2 28-70mm
#believeinfilm #filmisnotdead #shootfilmbenice #filmphotography #photography
Starlings flocking at sunset
Fuji Acros II
Pentax SP500
Tamron Adaptall 2 28-70mm
#believeinfilm #filmisnotdead #shootfilmbenice #filmphotography #photography
SP500 closed at 6049 on Jan 21 (markets closed Jan 20 for MLK Day).
As I type this...SP500 is at 6027--which is LOWER
In 2024--under Biden..the index was UP 23%
SP500 closed at 6049 on Jan 21 (markets closed Jan 20 for MLK Day).
As I type this...SP500 is at 6027--which is LOWER
In 2024--under Biden..the index was UP 23%
#StockMarketPlummet #Dow #Nasdaq #SP500 #recession
#StockMarketPlummet #Dow #Nasdaq #SP500 #recession
Which explains the rest - he's confusing revenues with value-added. The sum total of revenues in the economy is far larger than GDP!
(eg, Tesco sales are £70+bn, direct contribution to GDP closer to £10bn).