The Stock Market Is Not The Economy Thread II

[Outlaw]

The last time and I emphasize last, time I went to Taco Bell I got the combo with three taco supremes and a drink and a burrito and it was $15.

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[Meresgi]

How about Chick fil A charging everyone in the drive thru a 10 cent paper bag fee? No idea if that's an LA or California only thing.

This is supposed to be fine right?

yo what...this is a thing? Could be a CA thing only since CA has some wack ass random taxes/fees just littered all over the place. While I like CA and San Diego, this place also fucking blows in how expensive it is. Just not worth it to be living here.

[Zetanio]

this is a good example of the stock market not being the economy.

[kuronosan]

Have you looked at the poop swatches?

[AoE]

yo what...this is a thing? Could be a CA thing only since CA has some wack ass random taxes/fees just littered all over the place. While I like CA and San Diego, this place also fucking blows in how expensive it is. Just not worth it to be living here.

I miss CA to death but taxes were eating me up.

I make a bit less where I am now but my take home pay is about the same and I have a big-assed apartment to myself.

[thetruepandagod]

whats to miss

[archibaldcrane]

california rules and the tax burden on middle class people is very comparable to the average US state, it's only the rich that get truly pounded by taxes in California

[mallister]

If I were to move back to Texas I would take a roughly 50% pay cut, loose all benefits, and save (as of my W2 fro. Last year) $8102 in taxes. So no.

[kuronosan]

Ya no I'm skipping this one

[archibaldcrane]

The main economic expense reason for people to move, by far, is housing costs. Dwarfs everything else.

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[Zetanio]

I see the impact of my tax dollars where I live right now and that's a positive for me. I'm prolly like the only person in my family that doesn't hate taxes.

[archibaldcrane]

S&P500 just hit an all time high, breaking the record from January 3rd 2022.

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[Zetanio]

S&P500 just hit an all time high, breaking the record from January 3rd 2022.

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say it with me.

soft. landing.

now laugh because its all gonna explode.'

or maybe not.


just kidding journos who write commentary on equity markets are the worst

[Zetanio]

like stonks go up or down you can't predict it.

[archibaldcrane]

The U. Mich consumer sentiment index skyrocketed last month. Vibecession over?

[archibaldcrane]

Sorry I'm late, had a busy morning, but Q4 GDP dropped today

https://twitter.com/mtkonczal/status...wkm4dGiLA&s=19

https://twitter.com/byHeatherLong/st...69Nnwuxug&s=19

Also came across this absolutely bananas cross country comparison. USA absolutely thrashing every other rich country since 2007.

https://twitter.com/quantian1/status...goME_7hDA&s=19

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[Salodin]

But I thought all Americans were suffering, how is this possible

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[Zetanio]

see the first step is to imagine that you're persecuted for your beliefs, so write that down.

Can't underestimate the paper strength of a zero rate environment for the largest and most stable issuer of governmental debt in the world.

tbh though it's a p lopsided growth structure. the average american's life is just about the same, income-wise, and arguably much worse, cost-wise, than it was 5 years ago. looking at the concentration and growth of megacaps over the same timeframe you can see why it looks yummy.

i love macroeconomic trend lines but they aren't representative of much besides "the number went up because they go up, also because apple is doing well". Homelessness and unhoused levels are pretty high, insurance costs are skyrocketing, education levels are dropping.

I would chunk like 60% of this GDP gap on currency though.

[archibaldcrane]

The growth in real incomes, both post COVID and for the broader past decade, have been higher in the lower quintiles than the upper quintiles. Stock market is flying obviously but wage gains are a bottom-up phenomenon.

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[archibaldcrane]

We really need to start cutting immediately

https://twitter.com/NickTimiraos/sta...yakaypmvQ&s=19

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