Animal Spirits: Dunking on Doomers

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

That is the longest stretch under 4% for the reason that late-Nineteen Sixties

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

— Ben Carlson (@awealthofcs) December 8, 2023

A 2024 prediction:

I am bullish on client sentiment

Falling gasoline costs, falling mortgage charges, the inflation price is stabilizing, we’re seeing actual wage development, the Fed might be gonna reduce charges

Comeback time

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

— Ben Carlson (@awealthofcs) December 11, 2023

I am unable to be the one one following the numerous upsetting international occasions by way of social media concluding that that is probably the most toxic and least productive option to conduct necessary conversations that people have ever been part of. I used to assume the TV of the Nineteen Eighties/Nineteen Nineties was dangerous,however…

— Dan Carlin (@HardcoreHistory) December 8, 2023

FYI. Financial institution Credit score simply bought 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 flawed 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 alternative, and so forth.

Mutual funds = dying

by way of @Todd_Sohn pic.twitter.com/ESYR8nIJeB

— Nate Geraci (@NateGeraci) December 5, 2023

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

— Conor Sen (@conorsen) December 9, 2023

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

— Matt (@worsematt) December 11, 2023

These adverts are deeply malicious

They try to determine a way of insurmountable hopelessness to set off individuals 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’ll be able to afford along with your individual. Make it yours & fill it with love. Have a pair children if you need & 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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