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EliRivers 1 hours ago [-]
I am but one data point.
I have a fairly broad portfolio of stocks, ranging from blue chips to outright bets inspired by the wallstreetbets crowd.
I have divested entirely of anything that relies on the spending power of the British consumer; retail, house builders, all of it. British people just don't have discretionary money to spend, and it's getting worse rather than better. Thus far, this particular stock market bet has gone well for me (although obviously it's a sign of bad times for the UK consumer). This is not the same as British companies; those with large overseas markets are still going. My Games Workshop shares have been absolute champs, for example.
I cannot speak for other countries, but the UK is one I can see with my own eyes. The people are just ending up with ever less discretionary spending power, where discretionary now appears to be gradually edging towards including "something to live inside" and "food."
For 69€/month subscription ig this article isn't as much for the people whose wage will shrink than for the people which will take the decisions which will shrink these wages.
burnt-resistor 5 minutes ago [-]
Haven't kept up in 40 years because of the perverse incentives and inequality created by tax cuts and supply-side nonsense.
sharts 2 hours ago [-]
Start to?
MrGilbert 30 minutes ago [-]
It's like Gartner is predicting the PC markt to go belly up for almost 10 years now, except that now the market IS going belly up - and they are still pretty conservative in their predictions.
I have a fairly broad portfolio of stocks, ranging from blue chips to outright bets inspired by the wallstreetbets crowd.
I have divested entirely of anything that relies on the spending power of the British consumer; retail, house builders, all of it. British people just don't have discretionary money to spend, and it's getting worse rather than better. Thus far, this particular stock market bet has gone well for me (although obviously it's a sign of bad times for the UK consumer). This is not the same as British companies; those with large overseas markets are still going. My Games Workshop shares have been absolute champs, for example.
I cannot speak for other countries, but the UK is one I can see with my own eyes. The people are just ending up with ever less discretionary spending power, where discretionary now appears to be gradually edging towards including "something to live inside" and "food."