“American households’ real wealth fell $13.5 trillion in the first three quarters of 2022,”
I remember general agreement around here that the value of “everything” was over-inflated so this drop is simply what was already baked in the cake. The important question is, how much further down before things are undervalued and ripe for buying?
The thing to watch is the Bond market, where it’s getting very interesting. The 10YR peaked about 7 weeks ago. The 2YR peaked about 5 weeks ago. The 3M peaked (for now) about 1 week ago. The 3M has been inverted above the 10YR for about 10 weeks.
There’s a message laid out within those numbers. The Bond Market’s messages tend to be more reliable than the Stock Market’s messages. Think about the various time values of invested money in those benchmark Bonds. Record them and watch them over time. It will be instructive after you watch for a while.
“I remember general agreement around here that the value of “everything” was over-inflated so this drop is simply what was already baked in the cake. The important question is, how much further down before things are undervalued and ripe for buying?”
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What?
What?
An economic opinion on Free Republic that’s not based on a conspiracy theory.
I’m not sure where the hell I’m at, but I better find out before the great reset happens.(Sarcasm)