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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: JohnyP who wrote (67318)	4/28/2021 4:35:12 PM
From: bruwin	Respond to of 78795

Well said ....... the Facts are the Facts. "The debt accumulated must be already at $30 Trillion." At end of 2020 it was ~$27 Trillion ...... And the USA's Total GDP for 2020 was ...... $20.93 Trillion is a LOT LESS than $30 Trillion. In 2019, before COVID-19 ramifications, it was $21.43 Trillion, still lower than the accumulated Debt at that time of $22.72 Trillion. And to get the previous Annual GDP numbers just scroll along the graph ---> google.com

To: JohnyP who wrote (67318)	4/28/2021 6:01:15 PM
From: Ccube	1 Recommendation Recommended By sjemmeri Respond to of 78795

We had inflation. But fed and the market has been discounting it. I think next shoe to drop will be wage increases. I think the ramp up in employment will be swift. For people looking to get back to work. I don’t know about trade and budget deficit....they have been warning about that since I started investing in the 90’s.....doom and gloom and here we are....I think you have to ignore it.

To: JohnyP who wrote (67318)	4/28/2021 6:29:43 PM
From: petal	4 Recommendations Recommended By Amedeo21 E_K_S N1KL_N_D1MD sjemmeri Read Replies (2) \| Respond to of 78795

À propos of inflation, I am currently reading The Wealth of Nations. It's always fun when you pick up one of these old behemoths, and they just aren't what you had expected at all. Old Adam starts off by outlining how which metal becomes 'money' in a country is determined by quite arbitrary circumstances: in Rome, they first used copper coins, and copper then automatically became synonymous with money, even when they switched to silver; in Britain, in Smith's time, silver was "the" metal – for us, it's paper/fake-silver, or nowadays, digital numbers, I guess. The shift to gold as "the" metal globally was also quite a random thing, I believe (coming about because of silver shortages etc.) – the gold standard could maybe have been "the silver standard", and we would have bought that metal as an inflation hedge instead (after all, it has more actual uses than gold!) After that, he goes on to explain in some length why CORN is really the ultimate money – we shouldn't think of how much corn is worth in silver, but how much silver is worth in corn. He really loves corn. The legitimacy of corn as the ultimate money is extended by it being a unit of labor, which, by extension, is a unit of time. (A certain amount of corn = 1 day's worth of labor.) And it makes perfect sense. You really cannot underestimate the importance of grain throughout human history. It is a sort of "cost of subsistence" too, which we tend to forget, as we take it for granted that it will be there, almost for free, in the supermarket. It's quite eye-opening, that "the" economist is so concrete about the necessities of life. Not really so strange, given that these things are what "the economy" is supposed to be about. Not once thus far has he talked about high finance or things like that. Right now, I'm finishing a quite detailed chapter on herring fishing. Then it's back to corn.