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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (11897)	9/3/2021 10:36:14 AM
From: Sun Tzu	Respond to of 26862

Capital markets are self-correcting. Service economy resides on top of manufacturing (an extension/implication of Maslow's pyramid). By the time that the value of US goods falls to parity with the rest of the world, (1) There will be no impetus to export them, (2) The services will stop rising as a portion of the economy (3) The standard of living (or the manufacturing costs) will drop to a level that will make the US more attractive. So no, it is no more logical to extend the socio-economic trends to infinity as it is to do it for stock valuations. EDIT - Take a look at what percentage S&P500 profits are from within the US. Do also look at the geographical breakdown of the income.