This 25 is for show, so people know he means business. Each 25bp is a hundred billion in interest. They have 1 more hike in them, tops. Then shtf and it's cut-orama.
Doctors are pors in disguise 🥷
If two equal men set off on the same path at age 18
One to be a doctor
The other works at mcdonalds
Mcdonalds actually becomes wealthier. What people miss is progression, the fry cook is there like 2-3 years tops or less.
After that they become a store manager, and eventually an area manager.
Again, these are two equally capable men. Thus the discipline and desire for pristige remain equal upon both career paths.
By the time the doctor has completed residency and approaching their 30's..
The mcdonalds guy is close to getting a regional level management position and has been making 120k+ for at least 3 years now with no debt and a viscious 401k built. If theyre savvy and married theyre close to 600k net worth before doctor gets their first real position.
By age 45, 10 years later, the doctor starts gaining some traction since the debt is paid off, now theyve got a clear advantage in annual take home pay. But since they are in a higher yearly tax bracket, they functionally make less (proportionally) than the mcdonalds worker whos income was more spread out thus taxed less (and earned more on investments).
By age 55...
Eh, who cares? At this age your both old as shit. Lifes over anyway and your wife is ugly lol.
The market is pricing in 2-3 hikes. A whole hiking cycle. The bond market wants Warsh to be volcker, the stock market wants a dovish hike or maybe 2 tops. This will get really weird and a clean resumption of the bull market would surprise me. If we really do get the parabolic blow off top soon i'd be genuinely shocked. Oh well, i have clear targets (eth breaking ath and spy blowing past 820).