The Economy

I had a ton of sex in 1995. I'd be OK with it being that again.

 

Sure. And all the Boomers want it to be 1965 again. Just as likely to happen.

 

As we all know, the market isn't the economy. But politically, this is certainly better than the alternative. And anyone with money in the market is certainly pleased right now.

I'm as far from an expert as you can get, but the gloom about the economic health is pretty puzzling, considering this AP headline today: "Retail sales rise 0.3% in November as Americans hit gas, not brakes on shopping, travel, restaurants"

I assume a whole bunch of people are buying on credit and worrying about it later. Though, for all the gloom, you'd think there'd be big a pullback.

 

Nah. 1975 would do just fine.

 

Oof. The beginnings of the Malaise Era. No thanks.

 

The Dow hit 20,000 just six years ago. Median home price was $240K.
Just. Six. Years. Ago.

$13 trillion in additional debt later . . .

Are Americans better or worse off with a Dow at 37,000 and home prices at $430K?

 

Returning to age 19 was more attractive than age 9, basically.

 

If you are selling, hell yes you're better off.

 

Something over 60 percent of American households are homeowners. That it is the major form of wealth accumulation in our society is an economic distortion with wide ripple effects, the primary one being that it causes major opposition to meeting demand for housing by building more.

 

Why? You just have to buy at an inflated price.

 

Only way a home sale makes sense at this point is if you’re moving or downsizing.

 

Boomers will be doing that for years.