/biz/ - Business & Finance

>>52731070
>There is no personal savings left to expand the economy
Capex isn't fueled by personal savings.
And if you're talking about stock prices and not just economic growth, then personal savings is a meme.
401k is how most people engage with the market, which isn't factored into personal savings.
The people with capital to throw around at stocks definitely aren't at 2.3% personal savings. That number is skewed by the proles who probably don't even have a brokerage.
>Personal savings is rock bottom
COVID stimmies spiked personal savings, zoom out more.
Personal savings also bottomed in Jul 2005.
Bull market continued for 2 more years after that. Weak indicator
>Wages monthly are going up
If this money isn't going to personal savings, where do you think it's going
>inflation has remained steady
this is factually incorrect.
month-over-month numbers are down significantly.
YoY inflation is still high because it includes peak inflation from the first half of the year.
>Unemployment is still below 5%
Also true for 2016 to 2019. S&P +50%
Naïve Phillips curve analysis is a meme, nobody takes that seriously anymore.
If inflation goes down (it has), Fed doesn't give a fuck about unemployment.

We absolutely could see another drawdown, but none of your reasons are particularly compelling.