The average US worker must now work 141 hours to buy 1 share of S&P 500. That’s, of course, a fresh record. In the 1980s, it took less than 20 hours.
Just to put things into perspective or the rising wealt inequality in one chart: The average US worker must now work 141 hours to buy 1 share of S&P 500. That's, of course, a fresh record. In the 1980s, it took less than 20 hours.
What can go WRONG? Global stock market cap hit fresh ATH this week at almost $100 TRILLION as investors learned that in current pandemic-stricken forward-looking HOPEFUL mkt bad news like weak Black Friday activity or disappointing US jobs data do not appear to matter much at all
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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