Apparently not.
As I've noted before one of the biggest issues for the markets today is that price has become completely divorced from reality -- and its not just in one issue or two, its everywhere.......
Here's the basic problem: All of this rests, at its core, on screwing everyone at and below the median line of capacity (earnings, intellectual and so on) in America. Replacement of jobs with lower-cost imported people is part of it (Disney's IT department anyone?) and so are collusive practices, all of which turns into wildly-inflated cost of living at the same time it destroys the wage base.
Further, while this can go on for quite a while it can't go on forever and the people always have a veto. They're using it; the birth rate in the US is now 1.62 births per woman in the United States which is the lowest in history (since the government started tracking it in the 1930s.) Unless you intend to start raping women here and outlaw abortion at the same time (good luck with both) you can't override that veto either.
Between the expectation of a destroyed economic future and a roughly 1 in 100 odds, on the data, ten times worse than it was 30 years ago, of having a child that never is able to live independently why would anyone with an IQ larger than their shoe size -- or who is creating effective slaves to obtain public benefits -- make kids?
Oh by the way what happens to both house and stock prices when all those boomers die and their houses have nobody that will keep bidding up said price simply because there are no new children coming of age who can and will actually earn a paycheck of reasonable size? How about stocks -- what happens when older people are asset-stripped (thus forced to sell their portfolios) in old age by the medical******departments in elder care and similar?
How many pill bottles do you have in your medicine cabinet? Ok, to be fair readers of this column may well answer that with "Zero!" but now go over to your friend's place, take a******and while you're at it take a look. And how many of those bottles are crazy pills, may I ask?
Now add a certain loss in the midterms and then the Executive in 2028 for the GOP unless Trump and said Administration remove all of the illegal aliens and stop both the offshoring and economic******via monopoly practices, abuse of J-1 and H-1b visa and more -- thus forcing down the cost of living.
Do you think the stock market will do well if AOC is President in three years and the cost of power doubles again under a Democrat Administration and Congress that demands more "green" garbage that we have already proved is uneconomic and reliant on slave labor overseas? How well will YOU do when it comes to paying the heat bill? Remember, NY and other places already ban new natural gas use for heating, and that is the lowest-cost heating fuel when temperatures are below freezing BY FAR.
Naw, none of this matters -- kill the tariff stuff, offshore more jobs, screw everyone who isn't a rocket scientist -- literally. **** 'em. It'll all be good and Stonks To The Moon, Alice!
