[lotsofpulp]

SP500 is flat this year when you account for loss of purchasing power of the US dollar:

https://ycharts.com/indices/%5ESPXEUR

[noir_lord]

Factor out the AI companies doing circular dealing to juke their stock price and GDP growth was like 0.1% combine that with purchasing power loss and US economy is net negative.

It's pretty clear what happens next.

Over 42 million people are about to lose their SNAP payments in 4 days[1] and millions more medical care.

It's gonna get bad.

https://www.bbc.co.uk/news/articles/c4g7d9j7p5qo

[raw_anon_1111]

The only publicly traded companies that are involved in what could be considered circular dealings in enough volume to affect their stock price are Nvidia and Oracle.

[johnnyanmac]

So, the company that, by itself, is 10% of the S&P 500.

I never would have bet on an Nvidia crash alone being what causes the 21st century great depression, but reality is alwways stranger than fiction.

[drstewart]

"Exclude data I don't like, combing it with other data that's unrelated in unknown ways, and voila: DOOM!"

[drstewart]

No it's not:

https://ycharts.com/indices/%5ESPXCAD

https://ycharts.com/indices/%5ESPXJPY

https://ycharts.com/indices/%5ESPXCNY

Hmm, might have you cherry-picked some data?

[johnnyanmac]

>when you account for loss of purchasing power of the US dollar:

I see about a 10% growth in your charts and that's what experts estimate the loss on the dolar has been this year. What's the deal?

[drstewart]

The "deal" is that those chats are already adjusted to foreign currencies. That's 10% growth in those currencies.

Maybe your experts aren't such experts.

[johnnyanmac]

Why are we pretending that other currencies also aren't falling? Those charts don't negate that suggestion.

I'm no expert myself, but feel free to argue with them if you are:

https://www.morganstanley.com/insights/articles/us-dollar-de...

https://economictimes.indiatimes.com/news/international/us/d... (note: This one comes from Paul Graham himself).