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Ol Janx Spirit

(977 posts)

10. Exactly. And, the scary moment we find ourselves in now...

Fri Mar 6, 2026, 10:09 AM

Yesterday

...is that we are in a situation where the top 10% of U.S. earners are driving nearly half of all consumer spending--reaching a historic high of 49.2% in the second quarter of 2025.
https://finance.yahoo.com/news/top-10-earners-drive-nearly-191500198.html

The economy is driven largely by consumer spending--accounting for roughly 70% of it.

If 1/2 of that is now being driven by the top 10%--a group heavily invested in the stock market--drops in the DOW can only spell more trouble for what looks like a pretty fragile economy at this point.

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BUT THE DOW!! [View all] Ol Janx Spirit Yesterday OP

Biden had the DOW crack 45,000 Johnny2X2X Yesterday #1

My biggest fear going into [REDACTED] 2.0 was that they would basically ride the Biden... Ol Janx Spirit Yesterday #5

Trump destroyed his dad's gravy train Johonny Yesterday #8

I wonder if the overseas markets Emile Yesterday #2

oh yeah they are. I have to find the chart but out of like 15 other nations we are 14th Javaman Yesterday #4

But it's way over 50,000 now right?.. Omnipresent Yesterday #3

You have to look at the "silent DOW." Ol Janx Spirit Yesterday #7

As with all things Trumpian, they pick the data that suits them today. While many large corporations have done ok... dutch777 Yesterday #6

Exactly. And, the scary moment we find ourselves in now... Ol Janx Spirit Yesterday #10

It is past time that the pain of bad decisions be shared. dutch777 Yesterday #11

We might end the week sub 47000 Johonny Yesterday #9