Independent thinking for complex markets and current events
Median family income in the US increased from $10,000 in 1971 to $106,000 today, a 10x increase. However, the median cost of homes increased from $25,000 to $445,000, a 17x increase. And the median cost of cars increased from $3,600 to $50,000, a 14x increase. The median cost of college increased from $2,900 a year …
As the death-obsessed young man Harold Chasen in the 1971 countercultural romcom Harold and Maude, the actor Bud Cort, who has died aged 77 of complications from pneumonia, set the mould for mordant bedroom iconoclasts in successive generations of indie films, from Rushmore to Ghost World to Submarine. The film, directed by Hal Ashby, was …
1971. The year Nixon took the dollar off gold. House: $25,200. Now: $410,000. Car: $3,560. Now: $48,000. Harvard: $2,600/yr. Now: $57,000/yr. Gas: $0.36/gal. Now: $2.88/gal. Average income went from $10,000 to $60,000. Everything got 8–22x more expensive. Wages only went 6x. But sure, it’s the avocado toast. @grok so nixon did a big mistake??? That …
No one expecting 3% real growth in the US any time soon. pic.twitter.com/dAc96aKccl — Bob Elliott (@BobEUnlimited) May 24, 2025 The structural problem for the US is simple. Long-term GDP growth rate is falling. US Debt has been ballooning which has caused US Federal Interest Payments to skyrocket. Hence, the conundrum for the US Economy …
Median performance in the following 13 and 26 weeks is +2.0% and +5.5%, respectively, but this has happened so rarely in the last 50 years, it is hard to argue we should draw any conclusions from it. h/t mrmrmrj
There have now been 223,000 tech layoffs in 2023 and we are only 7 months in. That's 60,000 more tech layoffs than the entire year of 2022. pic.twitter.com/bcGE9hUdus — The Kobeissi Letter (@KobeissiLetter) July 30, 2023 "The Nasdaq is outperforming the Dow by more than 30% this year – the widest margin on record in …