The real LOL here is that MarkMax made an inference he was actually an Economist.
You can see whatever you like as well but the data tells adifferent story on job/population growth. As for incomes, you can talk all the medians you want. We spent a long time at the birth of this blog explaining how medians are almost useless in analyzing what is really going on at the street level. I see tax returns all the time for ordinary folks making extraordinary incomes that smash any thing related to medians. You do know that those with higher incomes are most likely to underreport their income? Dont you?
bTW, you didnt refrain you did LOL. I didnt say they dont crash. I said they behaved differently which is not a point you can argue or LOL. They have controlled much of this already. They havent stopped a decline but they have limited it and impacted the timing in a way only an idiot would try to say didnt happen. And who cares what they said about the existence of a bubble. They knew it and we know they knew it. Creating it is just another example of how they can manipulate and control things. Dont you see that side of things?
As for the corrections, I would think we’ll all agree that the tech and houing bubble corrections were far from unforeseen.
FWIW, my retirement portfolio hasnt had a down year in over a decade. Dont think I didnt see this all coming and position myself properly? How did your investments do over the past 10 years?
