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RE: Why Ferrari Still Looks Expensive After a 30% Drop

in TradFi23 days ago

True, the people buying Ferraris still have enough to afford them. The luxuries for the middle class is a different topic.

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Economy isn’t collapsing here. I’m quite surprised to be honest, inflation has calmed with oil getting almost cut in half. Obviously prices never go back down, the rate of inflation just slows and lowers, but things are actually going better than they have. GDP will likely be highest in 2026 than any year since pre 2008. I predicted a recession but I gotta say it’s not looking likely in 2026. Not for USA to begin the trouble at least, obviously things get contagious when they go wrong, but the middle class got a big tax cut on average which didn’t take effect until now as people file 2025 taxes. People I know first hand tell me they believed the media that Trump was only cutting taxes for rich, the truth is the rich hardly got a cut besides the biz rate which makes sense to keep companies here. Middle class actually got a tax cut and the service industry gets the biggest. The Trump policies will keep a recession off for 2026 almost certain. We all know the damage long term is already done, but for short term these changes will keep growth higher then it’s been in many years. I’d guess the big recession stays off for 18 more months minimum baring ant intervention collapse. But things have gone from terrible to ok for now. Not great from horrible but ok from horrible.

Oh to throwback to a previous conversation, it’s looking like that 60/40 call on Bitcoin topping for cycle at 126K, well it’s looking 50/50 now. We might indeed see a new ATH in a new time showing the cycle is changing more than I anticipated. Monero is up 200% in 12 months, Most alts are down 50% plus , Hive down 75% sand tile, so the everything moved together stuff is breaking with and this part I predicted, we’d see independence and things move differently based on individual reasons. While most alts are dying, winners are showing up outta the crowds too. It’s very interesting times my friend! Monero is a crypto everybody should hold a little of.
!LADY !PIZZA

Thanks for the feedback, Gene. Interesting insights. 👍🏻

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