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RE: The Economy Has Recovered!

in #economy8 years ago

You are really cherry picking your data here.

Not quite sure why you chose those two "bricks and mortar" retail stocks when it's common knowledge that the traditional retailing sector is in decline. Look at the representative XRT retail ETF which is down 6.07% year to date (YTD). On the other hand - Amazon - which is eating everyone's lunch and is at all times highs. The online retail ETF IBUY is up 22% YTD. People are still buying stuff - it's just not from stores.

Furthermore, you chose possibly the worst two European banks as your examples. However, if you look at the European financial sector ETF EUFN - which includes major European banks - you'll see it's up 16.03% to date. Plus I'm not sure why you're using European banks to highlight the US economic woes anyway.

Also, I'm not disagreeing that the US economy is trouble free. The ever increasing debt bill and a growing reliance on social security (e.g. food stamps) is unsustainable. As such, I'd rather be in cryptos than fiat money even though I don't think a crash is coming in the short term.

However, I do think you need better examples to make your argument.

Steem on!