This. Walmart and Target stocks are so high for a reason. Wealth transfer to corporations led to higher valued stocks. This isn't representative of the economy nor is it a good thing.
I walked into a Walmart yesterday and the girl said "sir";and motioned that I should be wearing a mask. I said no and kept walking. I felt kinda bad because she had to do it. A woman was walking out maskless as I was walking in and she smiled at me.
Love it for that reason as well. I’ve been going to Firestone for almost 10 years, but they hassled me for not wearing a mask, so I found a local small shop.
Dudes are all based. No masks. Plus they have an American flag in their shop, so I know I can trust them.
It's extremely expensive to try. That's why it goes up. When people close their positions because they are losing money on it, the value tends to increase.
Indeed. Lots of people not aware of the "and why that's a bad thing" side of this.
There is much to love in the Trump Economy but a booming stock market when production is 75% of what it was a year ago should make people suspicious.
Nearly 50% of the S&P is in passively managed indexes that just buy all the listed stocks in equal ratios. This ignores the fundamentals of performance.
This is a huge price distortion. And unprecedented. When folk want to liquidate their investment, the downside could be extremely painful.
Yes. The passivity ov investment is so overlooked. No alternatives to equities really exist. So everyone just plows their money into the markets which drives up their cost. If anyone cared about P/E ratios many luminaries of the market would have no interest.
And who could blame anybody? I mean it's what I do and every silly alternative has proven worse except gold maybe. If you dropped your stocks this year and didn't buy back in June you probably feel pretty dumb now.
Agreed especially since they did this. Clinton’s were on Walmart’s board for years and based in Arkansas and now all small businesses are closed but Walmart is still open but only if you show your papers (mask). Huh.....
To be fair Walmart was one of the last companies to do so and they only did it after their corporate office city (Bentonville) passed an ordinance making it mandatory and then so did the state of Arkansas.
Walmart has destroyed America in that all they sale is Chinese disposable crap. People drove by every small business to get there and save a dollar. I haven’t shopped there in many years. Nor will I. Just me, everyone should do as they like.
Capitalism man. I know nothing is perfect, but libe by the sword, die by the sword. Unchecked globalism catered to communist thug nations is not capitalist it's corruption. Walmart took advantage of engineered the system? Chicken or the egg....
Mort of the folks here don't realize Samuel Walton was a real man and his fortune, which surpassed all in his time, was not enough for his rotten children who squeezed everything they legally could. I'm not sure what's worse Walmart or Amazon but I avoid both. Ebay/Etsy seems like the future to me. A million small owners.
I have a little exposure to legal government affairs. In my area it was the local/regional businesses that wanted the mask order. It helped them avoid any issues with their labor and shifted the blame to local governments who issued such ordinances. They were able to throw their hands up and say it's the "government" order. Cough I'm from Texas and the company started with an H and ends with a B
Yeah, I understand Trump is trying to put a good face on things, and the Democrats are doing everything they can to destroy the economy before the election, but it must really suck right now for small businesses.
One can hope, but plenty of honest politicians from the right have said that and not accomplished it. I'm beginning to think that just maybe public schooling is intrinsically aligned with the left. Communists were sure keen on getting a hold if the schools right away.
Technically speaking it's not centralized in the sense of federally controlled, it's the responsibility of the states. The Dept of Education def needs reform. We can start by making unions for government workers illegal.
Yeah, my depression and negative thinking has returned with a vengeance. In about April I noticed that my lifelong depression must have faded and come back... it had subsided enough that I hadn't noticed it even being a thing for a few years...then I find myself thinking about suicide again out of the blue after years of not doing so and it is pretty lame. Things were going well, and now every day I wake up to read the newest fresh hell they have in store...
Sadly I think this will all get far worse. The politicians asserted that they had absolute power and you know what? We said "ok". They're never going to give it up unless we stop saying "ok".
Don't let the Dam National Convention get you down! They want us to believe the world is a shithole, and especially that America is a shithole, and they are the only saviors. It is a load of hogwash. You are on the Trump Train! Read some memes, laugh a bit, and enjoy the breeze in your hair. Drink a glass of communist tears and relax. So refreshing!
Also, go watch some funny old movies to make you laugh and lift the depression. I think Judge Dread is hysterical myself, but really any comedy will do. Then also try to learn something cool during the lockdowns so you will have a good story lately. I met someone who learned to play the ukulele. I thought that was pretty cool.
Nah, I get it. It's hit or miss. They had some edgier shit earlier on. Shit that could see them get cancelled in the near future with how things are going.
For example, Q was a panelist at a feminist round table discussion and had to disagree with everything. Some lady got annoyed and said "look at Michelle Obama." Q replied, "yeah she's great, she's great, but I mean, she got where she is because she slept with a man."
And another one, "sure women can do anything a man can do, but when you go to a mechanic...I mean, you want your car to work, right?"
The first time I watched em was on an off day from an extended 3 month hike I was taking. My dad had driven out to hang out with me. And we randomly flipped it on and ended up watching a bunch of episodes eating ice cream. So it has kind of a sentimental spot for me I think.
Some of their comedy is surface level, corny run-of-the-mill stuff, absolutely. But some of it is really gold. And sometimes they get dark as hell.
Not to mention it's kinda wholesome overall. 4 lifelong friends who started with a dream. All have distinct personalities.
I'll leave you with some of my favorites. It's also legit hidden camera, no actors unless they state otherwise.
Might not be your thing but off the top of my head those are some good ones. If you don't find enjoyment out of any of those, it's definitely not your thing.
Sorry for the random essay on the Impractical Jokers, but I think they're great. Seem like good guys. It's about the only show I watch.
I'm in the exact same boat as you, and I have to constantly remind myself that things aren't as bad as they seem on the Internet.
First off, it's an election year, so there's always fuckery afoot and everything gets amplified x1000. We also know a loss is a possibility (almost impossible if the Dems don't try to steal it) and that helps give life to our worst case scenarios.
We also had to deal with COVID this year, which would have been tough even without the rest of the BS going on. I don't care what other people say but everyone had some concern over COVID at some point, but for most of us we were able to see through the BS early and realize it wasn't that bad. Yet the Dems are still using it to fear monger until the election is over, and both have temporarily changed our normal way of life.
There are the usual concerns from politics and the policies being pushed, and they seem to always be getting crazier, but we've constantly dealt with this so I don't think it has as much impact on the sudden change.
Instead it's the MSM and the people behind the curtain that are trying their best to further polarize the country. First they pushed COVID and then they tried to start a race war over some POS overdosing.
Both have caused some messed up things to happen, and we are right to be concerned about them, but when it starts causing major depression we need to take a step back and analyze things from afar. Realize the video clip or headline you see is about one person or a small group and the shitty thing they did or had happen to them. There are some 330 million people in this country, and we're seeing the actions of only a few, but again it's amplified by the MSM to make us live in fear or to give up hope and stop resisting.
Before I get downvoted to hell because we shouldn't give the libtards an inch, I agree. But on a personal level some people's brains chemically work different, some people have other issues that get piled on with all of the above, and if it's having a big negative impact on your life then it's ok to take a step back because it's not worth ruining a relationship, quitting your job or ending your life. There's only so much we can do and in this regard the most important thing you can do is show up in November to vote.
The good or bad news, whichever you choose to interpret it as, is the impact is mostly going to hit other countries we used to help. Africa will get much less free food shipments, leading to thousands of child deaths (UN confirms this) and most of the stuff cut will be that which goes to other countries.
Real economy hasn't been sound for a long time. Offshoring and outsourcing removed jobs, debt replaced them. Asset bubble in housing to cover up the weakness.
Seattle Pede here, Conspiracy theory: Amazon/Bezos is in some way involved with the riots and/or virus. They benefit the MOST out of all this. Virus kills 30-40% of small businesses, riots take out another 8-15%, and some have to close up because they can only open at half capacity and demand is shot. Thats a substantial and in some cases a fatal blow to Amazons main competition. Bezos/Amazon is involved with MANY of the tech spaces (ecommerce, cloud (AWS) etc), owns the Washington Post (pure propaganda), Blie Origin (SpaceX competitor) and Whole Foods. They are buying EVERYTHING and I could totally see them paying money to BLM (they did) to have them trash/loot the businesses that werent wiped out from corona. Sorry for the novel, just did some uppers in Vegas ;)
If only we could tax the owners of all the empty commercial real estate to push them to turn it over and rent it/sell it versus leaving it all empty. Potential for cool things to happen when there is fair access to commercial spaces.
Generally speaking they want to rent it out, but not for cheap. Better to have an empty storefront while losing money until someone with the credit comes along to rent than to make a poor rental agreement and lose the opportunity being available to the next big renter.
The stock market is fine but it’s not really helping my community. People and small businesses do not seem to be recovering. Kind of tired of hearing about the stocks. Jobs aren’t hiring they are furloughing.
It was given to known Palestinian terrorist Yasser Arafat, he personally led a bombing campaign against innocent civilians in Israel.
And then you have the leader of Myanmar. She gained her prize in 1990s, and she is currently in the process of ethnically cleansing her country of the Muslim minority living there.
The economy can be at an “all-time high” while the dollar is through the floor. US dollar is down 10% compared to Swiss Franc and Euro.
The stock market says something more grim based on the prices of bitcoin, gold, and ammo.
Trump hinted at a big announcement around labor day. I wonder if it is the gold backed us note that is being rumored with a digital currency financial announcement.
We printed a few trillion dollars over the course of a couple of months, so I think that is part of the reason for the devaluation. It sucks, but we had to do it to deal with the lockdowns.
That said, we absolutely did NOT have to lock down, as we are now seeing. The virus manages to go away on its own after a spike.
Dont get too excited. I am sure most of you understand that our economy isnt so great. It is the fact that we are printing a ton of money and providing free money to the jobless that is making these stock market records happen. True talk.
I won't pretend to be an economist, but as I understand it, the market primarily measures investor confidence in big businesses.
Is it not decoupled from unemployment, small businesses, and general blue collar struggles?
In other words, it charts the direction of the ship but not the happiness of the passengers, or is that trickle down theory that if we chart course to Hawaii it benefits everyone?
I wish posts like this would stop being made TBH, it makes the base here look retarded. There's no volume in the market....there kind of IS no market, it's all artificial value. Fed monopoly money is the market.
This isn’t true. The S&P 500 companies have been recording record sales which is leading to confidence in those businesses and ultimately our economy. There is still hesitation about this fall, but nothing about right now is artificial or incorrect.
The shutdowns are one of the few things that blackpill me sometimes. The Democrats deliberately tanked his/our economy and will use it as a political weapon.
There is no way that Divine Providence is not in play here. If Trump wins despite peach mints, special counsels, flu hysteria and a crashed economy the left will be demoralized.
Our small businesses are going to disappear and we are just going to empower these big corporations who don't give a shit about their employees. The guys on top always get the golden parachute regardless of their performance and never think ahead anymore about the direction they decide to take their company because they hijack it for political reasons.
The stock market is not the economy. Most businesses are not publicly traded, and a lot of them are suffering greatly. Focusing only on the stock market belittles their suffering.
But nobody said the stock market is the economy? Nobody said we don’t want to save small businesses either. We don’t need the stock market to tank AND small businesses to fail do we?
The stock market is booming because investors know every time there is a dip the Federal Reserve will fire up the printer and start bailing out the corporations.
Right. Well this is the greatest drop in the economy since “the Great Recession” so I can see why it’s important to push money into the economy. I’m not downplaying small businesses being devastated, I think we should be doing more for them, but I don’t see anything wrong with praising the stock market booming as it’s representative of people’s view on the economic recovery. Also our retirement plans are directly influenced by the stock market so I for one am loving to see a large increase.
I’m in disbelief at some of these stocks. How in the world is Apple a 2 trillion dollar company when their manufacturing and supply chain is at risk? And how do they expect to keep their sales up when the average person is spending less money right now?
I'm pretty sure we'll be seeing inflation. In the higher dollar hobbies everything is sold out and has been sold out for months. It isn't being produced. Prices are going up.
The markets are totally disconnected from the real world at the moment. We need Trump's next pick for the federal reserve (the woman who wants to abolish it).
Just because the Fed is pumping up the bubble, does not mean the economy has recovered, just as a large shot of heroin, does not prevent the inevitable withdrawal, and actually makes it worse.
There are a lot of naysayers in the financial realm saying that this is over exuberance. I think it depends on how long the lockdowns end up lasting. I’m hoping for the best. Lots of good signs though.
This. Walmart and Target stocks are so high for a reason. Wealth transfer to corporations led to higher valued stocks. This isn't representative of the economy nor is it a good thing.
I’ve been making en effort to only but from local small businesses. They also dont require the face muzzle.
I walked into a Walmart yesterday and the girl said "sir";and motioned that I should be wearing a mask. I said no and kept walking. I felt kinda bad because she had to do it. A woman was walking out maskless as I was walking in and she smiled at me.
That felt pretty good.
Yuo should have told her she was misgendering you, use their foolishness against them
Them: "Sir you need to wear a mask"
You:"ahhhhhh! Ahhhhhh! She misgendered me, lock her up!!! Ahhhhhhhhh "
"Step outside I will show you a sir!"
I’d rather have an uncomfortable cough than be a slave. Live free or......fever 🇺🇸
I've had hangovers worse than covid and still gone to work.
I went on a date with my wife decked out in full KAG. Hat, shirt and campaign issued face mask. Damn it felt good to be a gangster.
We ate burritos like total chads
Having people make you food in KAG gear is risky broham.
Not at Chipotle! I chose it so I could watch them make it!
Love it for that reason as well. I’ve been going to Firestone for almost 10 years, but they hassled me for not wearing a mask, so I found a local small shop.
Dudes are all based. No masks. Plus they have an American flag in their shop, so I know I can trust them.
More expensive, but I feel better paying them!
Tesla has doubled in less than two months to over $2000. We’re all coming back from furlough buying high end electric cars apparently.
Or it's all hype.
Succinct but correct. There could be an essay written about how this is correct, but it is correct.
It's a combination of Musk using normies to pump the stocks and the shorts increasing the value.
Oh maybe I should think about shorting it...
It's extremely expensive to try. That's why it goes up. When people close their positions because they are losing money on it, the value tends to increase.
Indeed. Lots of people not aware of the "and why that's a bad thing" side of this.
There is much to love in the Trump Economy but a booming stock market when production is 75% of what it was a year ago should make people suspicious.
Nearly 50% of the S&P is in passively managed indexes that just buy all the listed stocks in equal ratios. This ignores the fundamentals of performance.
This is a huge price distortion. And unprecedented. When folk want to liquidate their investment, the downside could be extremely painful.
Here's a 15min video about it
https://youtu.be/2Y8k73E1K4A
Yes. The passivity ov investment is so overlooked. No alternatives to equities really exist. So everyone just plows their money into the markets which drives up their cost. If anyone cared about P/E ratios many luminaries of the market would have no interest.
Don't think, just buy the S&P!
And who could blame anybody? I mean it's what I do and every silly alternative has proven worse except gold maybe. If you dropped your stocks this year and didn't buy back in June you probably feel pretty dumb now.
Agreed especially since they did this. Clinton’s were on Walmart’s board for years and based in Arkansas and now all small businesses are closed but Walmart is still open but only if you show your papers (mask). Huh.....
To be fair Walmart was one of the last companies to do so and they only did it after their corporate office city (Bentonville) passed an ordinance making it mandatory and then so did the state of Arkansas.
Walmart has destroyed America in that all they sale is Chinese disposable crap. People drove by every small business to get there and save a dollar. I haven’t shopped there in many years. Nor will I. Just me, everyone should do as they like.
Capitalism man. I know nothing is perfect, but libe by the sword, die by the sword. Unchecked globalism catered to communist thug nations is not capitalist it's corruption. Walmart took advantage of engineered the system? Chicken or the egg....
Mort of the folks here don't realize Samuel Walton was a real man and his fortune, which surpassed all in his time, was not enough for his rotten children who squeezed everything they legally could. I'm not sure what's worse Walmart or Amazon but I avoid both. Ebay/Etsy seems like the future to me. A million small owners.
I have a little exposure to legal government affairs. In my area it was the local/regional businesses that wanted the mask order. It helped them avoid any issues with their labor and shifted the blame to local governments who issued such ordinances. They were able to throw their hands up and say it's the "government" order. Cough I'm from Texas and the company started with an H and ends with a B
Yeah, I understand Trump is trying to put a good face on things, and the Democrats are doing everything they can to destroy the economy before the election, but it must really suck right now for small businesses.
Unless you're a liquor store, we're doing amazing.
I’m forever reminded of a Mark Levin line many years ago. He’s 110% salty/ab to stroke out all the time which makes it even more funny.
“The Dept of education should be called the Dept of NO EDUCATION! The Dept of energy should be called the Dept of NO ENERGY!”
Disband them all. Our founding fathers would stand in absolute horror of what has become of America. Hey, they were radicals too.
DO IT TRUMP 🙏🏻
One can hope, but plenty of honest politicians from the right have said that and not accomplished it. I'm beginning to think that just maybe public schooling is intrinsically aligned with the left. Communists were sure keen on getting a hold if the schools right away.
Technically speaking it's not centralized in the sense of federally controlled, it's the responsibility of the states. The Dept of Education def needs reform. We can start by making unions for government workers illegal.
absolutely no chance of doing that by voting
Yeah, my depression and negative thinking has returned with a vengeance. In about April I noticed that my lifelong depression must have faded and come back... it had subsided enough that I hadn't noticed it even being a thing for a few years...then I find myself thinking about suicide again out of the blue after years of not doing so and it is pretty lame. Things were going well, and now every day I wake up to read the newest fresh hell they have in store...
Sadly I think this will all get far worse. The politicians asserted that they had absolute power and you know what? We said "ok". They're never going to give it up unless we stop saying "ok".
Don't let the Dam National Convention get you down! They want us to believe the world is a shithole, and especially that America is a shithole, and they are the only saviors. It is a load of hogwash. You are on the Trump Train! Read some memes, laugh a bit, and enjoy the breeze in your hair. Drink a glass of communist tears and relax. So refreshing!
Also, go watch some funny old movies to make you laugh and lift the depression. I think Judge Dread is hysterical myself, but really any comedy will do. Then also try to learn something cool during the lockdowns so you will have a good story lately. I met someone who learned to play the ukulele. I thought that was pretty cool.
MAGA! You can do it!
Great advice, personally picked up an acoustic and have gotten pretty good over the last 5 months or so
Impractical Jokers cures depression.
Nah, I get it. It's hit or miss. They had some edgier shit earlier on. Shit that could see them get cancelled in the near future with how things are going.
For example, Q was a panelist at a feminist round table discussion and had to disagree with everything. Some lady got annoyed and said "look at Michelle Obama." Q replied, "yeah she's great, she's great, but I mean, she got where she is because she slept with a man."
And another one, "sure women can do anything a man can do, but when you go to a mechanic...I mean, you want your car to work, right?"
The first time I watched em was on an off day from an extended 3 month hike I was taking. My dad had driven out to hang out with me. And we randomly flipped it on and ended up watching a bunch of episodes eating ice cream. So it has kind of a sentimental spot for me I think.
Some of their comedy is surface level, corny run-of-the-mill stuff, absolutely. But some of it is really gold. And sometimes they get dark as hell.
Not to mention it's kinda wholesome overall. 4 lifelong friends who started with a dream. All have distinct personalities.
I'll leave you with some of my favorites. It's also legit hidden camera, no actors unless they state otherwise.
https://youtu.be/mbIFyjRdyp8
https://youtu.be/1MAB80qgVco
(The best part is the second skit at 1:10 above)
https://youtu.be/ae4JmMbu9oo
(Women's rights round table)
https://youtu.be/RtM7IuywPTk
(Murr crashes the cuck Tumblr work meeting)
Might not be your thing but off the top of my head those are some good ones. If you don't find enjoyment out of any of those, it's definitely not your thing.
Sorry for the random essay on the Impractical Jokers, but I think they're great. Seem like good guys. It's about the only show I watch.
I'm in the exact same boat as you, and I have to constantly remind myself that things aren't as bad as they seem on the Internet.
First off, it's an election year, so there's always fuckery afoot and everything gets amplified x1000. We also know a loss is a possibility (almost impossible if the Dems don't try to steal it) and that helps give life to our worst case scenarios.
We also had to deal with COVID this year, which would have been tough even without the rest of the BS going on. I don't care what other people say but everyone had some concern over COVID at some point, but for most of us we were able to see through the BS early and realize it wasn't that bad. Yet the Dems are still using it to fear monger until the election is over, and both have temporarily changed our normal way of life.
There are the usual concerns from politics and the policies being pushed, and they seem to always be getting crazier, but we've constantly dealt with this so I don't think it has as much impact on the sudden change.
Instead it's the MSM and the people behind the curtain that are trying their best to further polarize the country. First they pushed COVID and then they tried to start a race war over some POS overdosing.
Both have caused some messed up things to happen, and we are right to be concerned about them, but when it starts causing major depression we need to take a step back and analyze things from afar. Realize the video clip or headline you see is about one person or a small group and the shitty thing they did or had happen to them. There are some 330 million people in this country, and we're seeing the actions of only a few, but again it's amplified by the MSM to make us live in fear or to give up hope and stop resisting.
Before I get downvoted to hell because we shouldn't give the libtards an inch, I agree. But on a personal level some people's brains chemically work different, some people have other issues that get piled on with all of the above, and if it's having a big negative impact on your life then it's ok to take a step back because it's not worth ruining a relationship, quitting your job or ending your life. There's only so much we can do and in this regard the most important thing you can do is show up in November to vote.
Sorry for the long rant, IBS is a bitch.
This could be the biggest opportunity ever! In some ways it could level the playing field, to be determined.
The good or bad news, whichever you choose to interpret it as, is the impact is mostly going to hit other countries we used to help. Africa will get much less free food shipments, leading to thousands of child deaths (UN confirms this) and most of the stuff cut will be that which goes to other countries.
I am sure the Marxist teachers will hop right on that lesson, as opposed to blaming Republicans.
Real economy hasn't been sound for a long time. Offshoring and outsourcing removed jobs, debt replaced them. Asset bubble in housing to cover up the weakness.
No, we aren't finished. But we have a real fight on our hands. We will win if we come together.
in my state i got job offers and business is good for the the company im with
Seattle Pede here, Conspiracy theory: Amazon/Bezos is in some way involved with the riots and/or virus. They benefit the MOST out of all this. Virus kills 30-40% of small businesses, riots take out another 8-15%, and some have to close up because they can only open at half capacity and demand is shot. Thats a substantial and in some cases a fatal blow to Amazons main competition. Bezos/Amazon is involved with MANY of the tech spaces (ecommerce, cloud (AWS) etc), owns the Washington Post (pure propaganda), Blie Origin (SpaceX competitor) and Whole Foods. They are buying EVERYTHING and I could totally see them paying money to BLM (they did) to have them trash/loot the businesses that werent wiped out from corona. Sorry for the novel, just did some uppers in Vegas ;)
Wakes up with microphone taped to face...
Ding. Theres the ticker. Big businesses are getting a push from all the business that used to go to mom and pops
All by design
Anyone got stats to backup that small buisness r doing worse than big buisness?
https://www.marketwatch.com/story/41-of-businesses-listed-on-yelp-have-closed-for-good-during-the-pandemic-2020-06-25
Look up $WMT and $TGT too.
look around. boarded up businesses in every downtown across the country. No stats needed.
If only we could tax the owners of all the empty commercial real estate to push them to turn it over and rent it/sell it versus leaving it all empty. Potential for cool things to happen when there is fair access to commercial spaces.
Generally speaking they want to rent it out, but not for cheap. Better to have an empty storefront while losing money until someone with the credit comes along to rent than to make a poor rental agreement and lose the opportunity being available to the next big renter.
We need an index of small businesses. They are underrepresented.
Obviously Obama’s economy
It certainly helps the S&P 500 companies that they haven't had to compete with the mom and pops for several months now.
The stock market is fine but it’s not really helping my community. People and small businesses do not seem to be recovering. Kind of tired of hearing about the stocks. Jobs aren’t hiring they are furloughing.
That is actually terrible for a lot of areas
All the money went to major corps and small businesses are fuckkkkkkeeeddddd
Thank God we have President Trump otherwise we would be in a major depression. His economy let us bounce back
Thank the future generations saddled with the debt.
Do you actually think the US system will be around for them?
I'm giving it another generation tops.
Yes Krugman is yet again predicting recession, gloom and doom, etc. which makes me more optimistic than ever considering he’s wrong 100% of the time
Spez1: He was Qanoned you know
Spez2: He was also the recipient of the Fakest News award at the first annual Fake News Awards. Please bring back the Fakies GEOTUS!
But muh Nobel Prize. I'm smaaahhhhht.
That prize is worthless
It was given to known Palestinian terrorist Yasser Arafat, he personally led a bombing campaign against innocent civilians in Israel.
And then you have the leader of Myanmar. She gained her prize in 1990s, and she is currently in the process of ethnically cleansing her country of the Muslim minority living there.
And don't forget obama receiving a Nobel Peace prize for nothing. He got us into a couple new wars.
The economy can be at an “all-time high” while the dollar is through the floor. US dollar is down 10% compared to Swiss Franc and Euro. The stock market says something more grim based on the prices of bitcoin, gold, and ammo.
Trump hinted at a big announcement around labor day. I wonder if it is the gold backed us note that is being rumored with a digital currency financial announcement.
We printed a few trillion dollars over the course of a couple of months, so I think that is part of the reason for the devaluation. It sucks, but we had to do it to deal with the lockdowns.
That said, we absolutely did NOT have to lock down, as we are now seeing. The virus manages to go away on its own after a spike.
wall street doing fine . main street not so much
Dont get too excited. I am sure most of you understand that our economy isnt so great. It is the fact that we are printing a ton of money and providing free money to the jobless that is making these stock market records happen. True talk.
I won't pretend to be an economist, but as I understand it, the market primarily measures investor confidence in big businesses.
Is it not decoupled from unemployment, small businesses, and general blue collar struggles?
In other words, it charts the direction of the ship but not the happiness of the passengers, or is that trickle down theory that if we chart course to Hawaii it benefits everyone?
I wish posts like this would stop being made TBH, it makes the base here look retarded. There's no volume in the market....there kind of IS no market, it's all artificial value. Fed monopoly money is the market.
This isn’t true. The S&P 500 companies have been recording record sales which is leading to confidence in those businesses and ultimately our economy. There is still hesitation about this fall, but nothing about right now is artificial or incorrect.
Whats up with the 1 down voter? Looks like we have a pussy in the midst! Everybody say hi pussy!
It's probably the fucking creeper on here that downvotes all the anti-pedo comments
How are goodyears stocks doin 🤔
I am amazed by his doctrine
The shutdowns are one of the few things that blackpill me sometimes. The Democrats deliberately tanked his/our economy and will use it as a political weapon.
There is no way that Divine Providence is not in play here. If Trump wins despite peach mints, special counsels, flu hysteria and a crashed economy the left will be demoralized.
The market knows Trump will win. The market knows all.
Sooooo your saying Darwin killed him.
Our small businesses are going to disappear and we are just going to empower these big corporations who don't give a shit about their employees. The guys on top always get the golden parachute regardless of their performance and never think ahead anymore about the direction they decide to take their company because they hijack it for political reasons.
How much more WINNING oh my zeus! Gonna have to build an extension to hold all this extra WIN.
BUY PEPE!
I’ve got strong positions in Pepe and Kek
Apple closed at $497 with a market cap of $2.12 trillion!
Made all of my losses up and then some already. Anyone voting Dem this fall is beyond help
The stock market is not the economy. Most businesses are not publicly traded, and a lot of them are suffering greatly. Focusing only on the stock market belittles their suffering.
But nobody said the stock market is the economy? Nobody said we don’t want to save small businesses either. We don’t need the stock market to tank AND small businesses to fail do we?
The stock market is booming because investors know every time there is a dip the Federal Reserve will fire up the printer and start bailing out the corporations.
Right. Well this is the greatest drop in the economy since “the Great Recession” so I can see why it’s important to push money into the economy. I’m not downplaying small businesses being devastated, I think we should be doing more for them, but I don’t see anything wrong with praising the stock market booming as it’s representative of people’s view on the economic recovery. Also our retirement plans are directly influenced by the stock market so I for one am loving to see a large increase.
Printing money and pushing American debt higher to bolster Wall Street & Co is not " greatest".
Wait guys it’s Obama policies right? Anytime market up MSM says it’s Obama
Stock market up doesn't mean everyone is doing ok. Even govt is doing furlough. It's not pretty
Right it’s not a good picture for middle America plus the market is flooded with printed money right now to prop up the economy
Do you guys think Ford F will ever get their act together? One of the few companies who's stock has continuously been dropping.
Is this part of the “darkness” that Biden mentioned?
I’m in disbelief at some of these stocks. How in the world is Apple a 2 trillion dollar company when their manufacturing and supply chain is at risk? And how do they expect to keep their sales up when the average person is spending less money right now?
I worried about it all if mail in voting is aloud.
Feels like a giant hyper inflation bubble from all the fake money they are printing and wishing into existence
Painful correction to follow :(
ittttts inflation
I'm pretty sure we'll be seeing inflation. In the higher dollar hobbies everything is sold out and has been sold out for months. It isn't being produced. Prices are going up.
Corporations and conglomerates are thriving.
Mom and pop shops/small businesses are dying and slowly going extinct.
The markets are totally disconnected from the real world at the moment. We need Trump's next pick for the federal reserve (the woman who wants to abolish it).
https://thegreatrecession.info/blog/denial-dominates/
It makes NO rational sense at all - but I've made more money in the past 3 weeks then I made the last 2 years!
This is destabilization phase 2
Just because the Fed is pumping up the bubble, does not mean the economy has recovered, just as a large shot of heroin, does not prevent the inevitable withdrawal, and actually makes it worse.
The bubble is so large right now expect a correction any day now.
There are a lot of naysayers in the financial realm saying that this is over exuberance. I think it depends on how long the lockdowns end up lasting. I’m hoping for the best. Lots of good signs though.