The old conservative versus liberal thing, or the left/right division has been completely obliterated, and sometimes directly reversed. Originally, those on the right were defenders of the status quo, which meant they were fine with the world being run by bankers and aristocrats.
More from Goldstein
More from Finance
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1. Review your expenses and make a budget
It will help you see where you overspend, make a plan to save, pay down debt and start
Budgeting, the 50-30-20 rule, and the envelope method
— Kostas \U0001f468\u200d\U0001f4bc \U0001f4c8 \U0001f4b8 (@itsKostasWithK) January 6, 2021
Your first step towards financial independence
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2. Set your investing and retirement goals
How much do you need to support yourself in retirement and when do you want to
The most important number for your retirement: The 4% rule
— Kostas \U0001f468\u200d\U0001f4bc \U0001f4c8 \U0001f4b8 (@itsKostasWithK) January 7, 2021
What Is the Four Percent Rule?
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3. The earlier you start investing, the better.
Here's why and how time and compounding can become your
The Miracle of Compound Interest and the Rule of 72
— Kostas \U0001f468\u200d\U0001f4bc \U0001f4c8 \U0001f4b8 (@itsKostasWithK) January 2, 2021
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4. Invest in an index fund
It's easy, safe, cheap, and the best choice for a beginner in investing, with not much time for
Jack Bogle, the Father of Indexing
— Kostas \U0001f468\u200d\U0001f4bc \U0001f4c8 \U0001f4b8 (@itsKostasWithK) January 8, 2021
How John "Jack" Bogle's creation impacted investors more than Bill Gates, Steve Jobs, and Warren Buffett combined
/THREAD/ pic.twitter.com/4wPi8x3cXn
Last month I wrote about the distinction between long-term secular inflation and shorter-term cyclical inflation
It has been clear for several months that we are in the middle of a cyclical rise in
Now, in the short-term, the manufacturing sector is red hot, driven by a pent-up demand rebound in goods consumption.
— Eric Basmajian (@EPBResearch) January 4, 2021
Commodity prices are screaming which gives legs to "goods" inflation in the short-term.
8) pic.twitter.com/rQcqHf1OD0
The full thread can be reviewed here:
Consensus continues to conflate the inflation story, mixing and matching long-term and short-term charts to fit what is generally a secular inflation narrative.
— Eric Basmajian (@EPBResearch) January 4, 2021
Here are my two cents to make the distinction clear.
1)
Today's PPI report should have been expected to surprise to the upside as the leading indicators of inflation have been screaming to the upside for months!
Here is the ISM prices paid index, cumulated into a growth rate
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Industrial commodity prices have also seen a major acceleration for months.
4/
So today's PPI report was in line with the leads, suggesting that we have a cyclical upturn in inflation that is * primarily concentrated in the manufacturing sector *
This is a key point.
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