The Soapbox

CMUHoo

Joined: 09/19/2008 Posts: 3846
Likes: 6800


And when I do that they're still not negative double digits real


I have a positive raw return for 2022 and 2023, but it doesn't keep pace with inflation. It's not even close to negative double digits in cumulative real return though. And by picking a 2 year window you're intentionally excluding a good year under Biden to make things look as bad as you can get them to look. Saying that 2021 was a rebound is also a strange claim, since the market actually did better in 2020 than it did in 2021. Of course if we choose a one year window it's fantastic (actually better than wahoo138's). I can only hope for the sake of our country that 2024 looks like 2023 in terms of economic growth and stock market performance.

That all brings me back to my fundamental point, which is that the economy really isn't very sensitive to the policies of a particular President. That's a good thing IMO. You didn't do the math on Biden's contribution to inflation, but IMO it would be something like 10% of our overall inflation. Considering the entire world has had similar inflation (the US is doing better than most developed countries) and that 2022 was particularly bad due to supply chain issues and the war in Ukraine, this has always been a silly argument regarding Biden as far as I'm concerned.

(In response to this post by Los Angeles Hoo)

Posted: 12/31/2023 at 4:24PM



+2

Insert a Link

Enter the title of the link here:


Enter the full web address of the link here -- include the "http://" part:


Current Thread:
 
  
15% return on my 401k this year. Thanks Biden! ** -- wahoo138 12/31/2023 1:59PM
  Markets have been kind this year -- Capital City Hoo 12/31/2023 9:03PM
  I'd suggest you compare it to... -- Los Angeles Hoo 12/31/2023 2:22PM
  LOLZ. Wrong. Please show work using actual numbers -- Capital City Hoo 12/31/2023 9:08PM
  Show your work. That’s 🤡 work. ** -- HoodatB 12/31/2023 4:07PM
  Ok, here you go. -- CMUHoo 12/31/2023 3:58PM
  Appreciate the effort, which, as usual,... -- Los Angeles Hoo 12/31/2023 4:07PM
  It’s your assertion. You prove it. ** -- SixerHoo 12/31/2023 3:22PM
  Lolz. Why do you think I need to prove it to you? And... -- Los Angeles Hoo 12/31/2023 3:30PM
  🌍 2 needs no work. ** -- HoodatB 12/31/2023 4:08PM
  Someplace on Earth 1 ** -- 81_Hokie 12/31/2023 3:06PM
  Right on point as usual, Q. ** -- Los Angeles Hoo 12/31/2023 2:50PM
  😁 ** -- WaxHoo 12/31/2023 2:36PM

Notice: Trying to get property 'queue' of non-object in /data/www/sportswar.com/wp-includes/script-loader.php on line 2781

Warning: Invalid argument supplied for foreach() in /data/www/sportswar.com/wp-includes/script-loader.php on line 2781
vm307