Inflation is supposed to make markets go up...
Not really. Inflation goes up, fed raises rate. Bond yield goes up, people move money from stocks to bonds. Stock falls. And inflation goes up when people have more money. Tax overhaul caused that or will cause soon. Know how economy works, not blockchain.
You mean 10 years of QE getting pumped into the stock market via buybacks on credit, and the threat of rate hikes, is less important than tax cuts that have been in effect for one month?
HODL
You could also go to California where they have the highest tax rate, but also the highest poverty rate.
They are the third lowest in iq of 50 states.
Top happiness rating though. Very stable society.
You must be really blind and using blind. What kind of blind theory are u preaching
Make America Great Again
the only thing obvious is your political agenda
Nobody knew economics could be so difficult.
Actually everybody knew the tax cut was inflationary. Everybody but Trump.
Especially you op
Most people thought markets were over valued coming into 2018. A 10% correction is expected. Perhaps the initial concerns over inflation is what triggered the selling, but it’s more about what realistic P/E ratios should be. Don’t sell. Keep contributing to retirement and you’ll benefit from the dip in the long term.
Wait you mean markets go up and down. Markets don’t just go straight up? Fuck me, I’ve had economics all wrong.
Nice try denying responsibility but this is directly the result of a stupid policy you praised. Trump owns this. He is the cause.
You going to present evidence on this bold claim, or nah? As far as I can tell, I just have more monies at the end of the day.