Monday, August 27, 2018

economic variables are garbage, pt. 2

As I drove to Ace Hardware to fill my propane tank before grilling steaks Saturday, I listened to the radio.
Weekend radio is usually junk. Crank doctors and crank money managers fill the airways with gibberish. I find myself listening just to know of what to be skeptical.

Hearing the substance of the program saying: Trump is popular, but how long will the stock market record highs? GDP, Low Unemployment and other variables are meaningless until you consider 2008 and how the bond market was weird... like it is today.

Seemed odd coincidence considering how dismissive Bob Sullivan was of GDP and other variables just the day before, but Bob was hung up on savings being an indicator, rather than government bond yields.

I see a housing bubble. I don't think Twitter and Facebook are going to be strong companies long term. I hate Amazon for I see it as being the reason Sears, Kmart, and Toys "R" Us have declined or disppeared. I am very skeptical of cryptocurrency.

Imagine Twitter without Donald Trump. That's the end of Twitter.

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