Wow, had NO IDEA U.S. equities had crushed the rest of world so bad...

[IAlwaysWin]

So just because he has no debt, someone with a checking account and living in a studio apartment can qualify as "rich" by your standard?

If you own the land you built your home on and paid cash for the cars you drive (even if it isn't fancy) but decent and other things of value that you aren't in debt for. Yes, that's rich..

 

[Cuddles]

I consider "the rich" as debt free people that have liquid assets. If you've taken loans out to pay for things that depreciate in value, you're not "rich."

Brb, real estate billionaires who rely on debt, not rich.

 

[ironchef]

Brb, real estate billionaires who rely on debt, not rich.

Ahh but real estate millionaires want to be debt free.

 

[Nine_Ender]

https://www.cnbc.com/2019/12/07/wal...onal-stocks-will-top-us-equities-in-2020.html


180% up for the S&P 500 since 2010, versus *18%* for a fund that I believe tracks all or most non-U.S. equity markets. Only 4% up for the developing markets they say.

I had no idea we had PUNKED the rest of the world so totally over that time period. Amazing.

But are these experts likely right that this is likely to change in 2020? Why is 2020 likely the year for the change? Could the U.S. markets outperform for years to come? The Tax Jobs and Cuts act had far-reaching effects with capital being brought back to the U.S., for example... maybe its just getting started?

Thanks!

US markets are dominated by firms with international operations and anyone can own a piece of them. I'm not sure how this is much of an advantage for ordinary Americans with limited budgets. The federal debt load is a looming problem eventually. Aspects like health care costs/risks and college costs are a significant problem for many Americans.

The American system is rewarding rich people at the cost of those less fortunate. That severe imbalance isn't sustainable. Many Americans in lower and middle class brackets would have a higher quality of life in a country like Canada.

 

[Saltynuts]

Wholly crap, I have never had a thread hijacked so bad. As is plainly evident in my OP I wanted to talk about potential relative stock markets performance for 2020 and beyod. How this became an almost exclusively political and social thread is beyond me lol.

 

[murray t turtle]

If you own the land you built your home on and paid cash for the cars you drive (even if it isn't fancy) but decent and other things of value that you aren't in debt for. Yes, that's rich..

%%
Even more so= if he or she owns the apartment/home he or she is living in, generally speaking.............................................................................................

 

[GuerrillaTrading]

Is it time to step up and be a contrarian ?

 

[ElectricSavant]

I do not understand this to be true. The revenue collected from taxes has increased. Its just that spending has increased that causes this debt increase. Every Time a Budget Plan is presented spending seems to match the defense budget. Doesn't entitlements make up the bulk of the problamatic debt?

ES

I assume you are referring to Trump's unnecessary increase in the national debt largely as a result of tax cuts for the rich. Perhaps we can use Trump's casinos as models for how these things play out.

 

[maxinger]

For traders, this should be the title :

Wow! It is great U.S. equities also moved the rest of world and provided multiple trading opportunities across the whole world !!!!!

_______

 

[murray t turtle]

I do not understand this to be true. The revenue collected from taxes has increased. Its just that spending has increased that causes this debt increase. Every Time a Budget Plan is presented spending seems to match the defense budget. Doesn't entitlements make up the bulk of the problamatic debt?

ES

%%
Think so;
the best chart on that is IRS pie chart