Animal Spirits: Dunking on Doomers

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The US unemployment charge has been lower than 4% for 22 months straight

That is the longest stretch beneath 4% because the late-Sixties

The unemployment charge by no means acquired decrease than 4% as soon as within the Seventies, 80s or 90s pic.twitter.com/o6izPjJxHq

— Ben Carlson (@awealthofcs) December 8, 2023

A 2024 prediction:

I am bullish on shopper sentiment

Falling gasoline costs, falling mortgage charges, the inflation charge is stabilizing, we’re seeing actual wage progress, the Fed might be gonna lower charges

Comeback time

And seven different issues I believe I believe:https://t.co/d66jB6awLa pic.twitter.com/eJW1JhLXw2

— Ben Carlson (@awealthofcs) December 11, 2023

I can not be the one one following the numerous upsetting international occasions through social media concluding that that is essentially the most toxic and least productive approach to conduct necessary conversations that people have ever been part of. I used to suppose the TV of the Nineteen Eighties/Nineties was dangerous,however…

— Dan Carlin (@HardcoreHistory) December 8, 2023

FYI. Financial institution Credit score simply offered off like 2008. Get some money out of banks as you want money. This can be the beginning of the largest crash in historical past. Hope I’m unsuitable but no time to play Russian Roulette along with your life.

— Robert Kiyosaki (@theRealKiyosaki) December 10, 2023

FINK: “BlackRock was talked about by some candidates in final night time’s debate greater than inflation or the nationwide debt. That’s a tragic commentary on the state of American politics. Now I do know why they name this the political foolish season.”@FT $BLK https://t.co/8wn4zm2YWi

— Carl Quintanilla (@carlquintanilla) December 8, 2023

*$850bil* swing from bond mutual funds to ETFs since Fed started elevating charges in March 2022…

Mutual funds -$504bil

ETFs +$348bil

Quite a few drivers right here incl tax loss harvesting, decrease charges, increasing product selection, and so on.

Mutual funds = dying

through @Todd_Sohn pic.twitter.com/ESYR8nIJeB

— Nate Geraci (@NateGeraci) December 5, 2023

Perhaps some piece of this can break in 2024 however the truth that the unemployment charge could have stabilized within the excessive 3%’s, employee revenue progress round 5%, and core PCE trending round 2-2.5% with the Fed ready to chop is so good that no one would have believed it: pic.twitter.com/8F9pNvq6GK

— Conor Sen (@conorsen) December 9, 2023

the Covid financial system may’ve by no means recovered, inflation may’ve spiraled, the fed may’ve responded to inflation too harshly and despatched the nation right into a recession. none of that occurred. it’s unbelievable.

— Matt (@worsematt) December 11, 2023

These adverts are deeply malicious

They try to determine a way of insurmountable hopelessness to set off folks into YOLOing lottery ticket shitcoins and cumtokens https://t.co/GibtsqSSqi

— BuccoCapital Man (@buccocapital) December 6, 2023

It doesnt matter what rates of interest are or the housing affordability index says or the place we’re within the cycle.

Purchase a house you possibly can afford along with your particular person. Make it yours & fill it with love. Have a pair children if you would like & nourish them till they’re able to fly. THAT is a…

— Pearl (@ppearlman) November 30, 2023

I inherited $246,000 from my late mom and used $142,000 to repay our mortgage. If we divorce, can I declare this a refund from my husband? https://t.co/FjxAKjNzMF

— MarketWatch (@MarketWatch) December 9, 2023

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