The US economy
has now been in an expansion for 48 months (4 years) with
annualized real GDP growth of 4.6% over that time.
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00:01 -
08/05/24 |
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"You have
to be wildly optimistic to believe that corporate profits as
a percent of GDP can, for any sustained period, hold much
above 6%." - Warren Buffett, 1999
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Seeing GDP led by consumption is good, except when you drill
down into why
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iPhone activation market share hits new low in the US as
Android dominates
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Real estate is still in deep trouble in
China, and it's an issue that could take many years to be
fully resolved
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