JPOW Says He’s Confused About The Economy
Posted: Apr 06, 2024
- JPOW, likely referring to Jerome Powell, often acts clueless when explaining the economy, especially around jobs and CPI reports - Market reacted positively to jobs report exceeding estimates - United Way sounding alarm on poverty lines not moving since 2010, indicating potential issues - "ALICE" population grew by 18% from 2010 to 2021, red flag - ALICE data set has predicted past crises, now suggesting a significant problem - Debate on whether this matters for the stock market - Despite uncertainties, the advice is to stay invested and not try to time the market - Mention of being bullish on the solar eclipse and technological advancements - Discouragement from investing in gold and focus on future technologies.
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