The imbalance in spending that you mentioned is a fragility of this economy. The wealth effect is real and the boom in asset values is definitely contributing to the spending of those who own the assets, i.e., mostly the wealthy.
I think of our own spending in part as a % of our family's assets.
Asset values at any moment in time are marked idiosyncratically, at whatever the latest buyer and seller agree they're worth. All the assets––financial and physical––would retain the same existence if they were valued at either twice or half their current values. But either scenario would have a profound effect on spending and therefore the entire economy.
I’m not one of the umpteedump thousands who’ve jumped onto your platform. I know far too much about “the rich and famous “ born and raised in Beverly Hills (the original title of my blog/wordpress/substsack”. Frankly my dears. I don’t give a s#%t 👍
Carson. Mea culpa for what appears rudeness. I’m sardonic with a twist of irony and wit. I too was drawn in with your title and the content of your Substack. Recently I decided to stop writing on the site and no longer post for majority of writers saving a handful whom I enjoy and they my shorty stories . I was spending more time reading than writing. J’escuse my bitch y response .aloha. Jenn
No need to apologize! I know the topic may not be for everyone, although my goal is to make it as varied and reported as possible so it is. And if you ever have any suggestions, I am all ears 👂🏻
This has quickly become one of my fave reads.
Thank you ☺️ and I love having you as a subscriber
And what a good month it has been!
Maybe it was the cough syrup that did the trick?
😆😆😆 maybe I should try it more often!
A stunning debut
☺️☺️☺️ let’s see if I can get keep it up!
Congrats on a fabulous month!
Thank you for being a part of it! I can’t wait to check in at 90 days
Absolutely brilliant, we need more s...t like this 😉
Hahaha 😆☺️
Loving this newsletter so much — congratulations Carson! Always wanted more from you than what mainstream media would allow 😉
Thank you so much, Paula! Yes I definitely have drawn within the lines my whole career, enjoying stepping outside ☺️
Oh I get it and support you 💯
It’s so good!!!
As a fan of your work, such a compliment 🫶🏻
The imbalance in spending that you mentioned is a fragility of this economy. The wealth effect is real and the boom in asset values is definitely contributing to the spending of those who own the assets, i.e., mostly the wealthy.
I think of our own spending in part as a % of our family's assets.
Asset values at any moment in time are marked idiosyncratically, at whatever the latest buyer and seller agree they're worth. All the assets––financial and physical––would retain the same existence if they were valued at either twice or half their current values. But either scenario would have a profound effect on spending and therefore the entire economy.
I’m not one of the umpteedump thousands who’ve jumped onto your platform. I know far too much about “the rich and famous “ born and raised in Beverly Hills (the original title of my blog/wordpress/substsack”. Frankly my dears. I don’t give a s#%t 👍
Well, to each their own 🤷♀️ but I’m sure your thoughts and input would be appreciated here!
Carson. Mea culpa for what appears rudeness. I’m sardonic with a twist of irony and wit. I too was drawn in with your title and the content of your Substack. Recently I decided to stop writing on the site and no longer post for majority of writers saving a handful whom I enjoy and they my shorty stories . I was spending more time reading than writing. J’escuse my bitch y response .aloha. Jenn
No need to apologize! I know the topic may not be for everyone, although my goal is to make it as varied and reported as possible so it is. And if you ever have any suggestions, I am all ears 👂🏻
Subscribed!
So glad to have you!! ❤️
Really love what you’re building, and congrats on the early success! Every post is fascinating and gets me thinking about something new. Keep it up!