This will not be a fun post, but one that opened my mind and hopefully others. If you're in, come in.
For you Keynesians out there, look no further than rebuilding our crumbling infrastructure to boost economic growth...
Jeff Desjardins at Visual Capitalist writes:
"Every year, Americans spend a combined 600,000 years stuck in traffic. If you’re thinking that time could be spent a little more productively, you’re not the only one."
We forget the things worth remembering, but remember the things worth forgetting.
The biggest contributor to the Dow's increase to 20,000 has been Goldman Sachs (GS), accounting for about a third of the last 1000 points. The CEO, Lloyd Blankfein has seen his Goldman stake increase by close to $200 MILLION. The #2 guy there? Gary Cohn just left Goldman to jump on the Trump Train, unlocking close to $300 MILLION in compensation by doing so.
Yes, that's the same Goldman Sachs that was once described as a "great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."
With all the talk of World War III after the election...
......history suggests that elections typically have had little lasting impact on overall market performance. Among the most powerful drivers: the business cycle, interest rates, corporate earnings, and when it comes to your personal performance—your investment plan.