Coming to the conclusion that Doug Kass may have always been more partisan than economically analyzing since 2008.  His generational low call was right, but it was now clearly based on Obama being in office.  Since 2022, he's been a permabear, but it might be more about Trump than economics.

There's a case for a correction, sideways, or slow melt up, but probably not a crash in the short term.  There will be a crash someday, but it may not fall below the present & it's currently yielding more than bonds.



 

 

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Lions are beginning to believe the fed studies of net worth are drastically under estimated.  They equally weigh Calif*'s numbers against Michigan's numbers even though most of the country lives in Calif*.  The country's median net worth for 50 year olds is probably closer to $4 mil.  Almost no-one commenting on finance tube videos has less than $1 mil anymore.

 The fed has an incentive to inflate their net worth reports, in order to deflate the national debt.  Individuals have an incentive to under report their assets to avoid taxes.

 


 Biddle B good

 

 

 

 

 

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