Fun with Numbers

Thanks to Kevin Caron at www.washingtoncrossingadvisors.com we get to consider this…Back to the old Buttonwood tree in NYC in 1790, when the value of stocks were first calculated, it took over 200 years  for the US stock market to top $16 trillion in value.  Based on today’s current value, we have risen by $16 trillion in market value since the pandemic BEGAN.  A recession and health crisis that produced a $16 trillion gain in value, go figure.  One, it shows the law of large numbers and too, it may be pointing to some inflation momentum in financial assets.  Speaking of inflation, again this past week, Janet Yellen stuck with her premise that we are in a “transitory” period of higher prices, yet today social security payments were adjusted higher by almost 6%.  Social security payments do not go lower so the only thing transitory is the money leaving your pockets.

Inspiration

“Open your eyes, look within.  Are you satisfied with the life you’re living?”
-Bob Marley

“The lack of money is the root of all evil”
-Mark Twain

“Success is the ability—to go from failure to failure—without losing your enthusiasm.”
-Winston Churchill

“It’s what you do in the present that will redeem the past and thereby change the future.”
-Paulo Coelho

Inspiration Archive

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