Economic doom and gloom story..But is it true?

Poll - Total Votes: 8

The American economy is toast and its going to hurt me..

Nothing to see here folks. Its all good..

You can only vote on one answer.

This is just another of those "American Economy is Toast" AI generated clips. Some facts I know to be real. Some I am not so sure. I am interested any ANY points of view based on personal experience of what is happening in America today.. I am NOT interested in pro or anti left or right comments, which will be deleted.. This is about the economics. Not the politics.. "Just the facts, Ma'am" 😷
[media=https://youtu.be/oMoXTCW77b4]

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ElwoodBlues · M

Watch what the smart money is doing. Warren Buffet's Berkshire Hathaway, AKA his investment firm, has about $250 billion in equities (stock) vs $340 billion in cash equivalents.

This is much more cash than he usually carries. Investors do this (sell stock, buy T bills) when they expect the stock market to fall substantially, and intend to buy stocks after they drop.

Buffett Indicator, which compares the total market capitalization of a country's stock market to its Gross Domestic Product (GDP). A high ratio, especially when exceeding 200%, is seen by Buffett as a sign that the market is overvalued, potentially signaling "playing with fire". Another "rule" associated with Buffett is his 90/10 strategy, which suggests allocating 90% of your portfolio to a low-cost S&P 500 index fund and 10% to short-term government bonds.

current Buffet indicator is 210% to 220%. Buffet is putting his money where his mouth is.