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Business, Economics, and Taxes: Capitalism. Yay? >=(

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  • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

    The market is not the economy.
    The market is not the economy.
    The market is not the economy.
    The market is not the economy.



    WHY DO I HAVE A BETTER UNDERSTANDING OF THE STOCK MARKET / ECONOMY RELATIONSHIP (ZERO) THAN THE PRESIDENT OF THE FU**ING UNITED STATES!?!??!?!?

    *edit* I just wish I could get on that Congressional mailing list to tell me when to put my 401k into money market accounts before the next crash.....
    “Demolish the bridges behind you… then there is no choice but to build again.”

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    • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

      Have there been more infrastructure weeks or Dow at 25k tweets?
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      • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

        In gonna wager the only reason the market is up at all is the 1% taking advantage of yet another economic calamity to further increase their share of the stock market.

        Just as they did in 2009.
        What kind of cheese are you planning to put on top?

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        • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

          Originally posted by rufus View Post
          In gonna wager the only reason the market is up at all is the 1% taking advantage of yet another economic calamity to further increase their share of the stock market.

          Just as they did in 2009.
          And the real estate markets, and the commodities markets, and the securities markets, ...
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          • Originally posted by rufus View Post
            In gonna wager the only reason the market is up at all is the 1% taking advantage of yet another economic calamity to further increase their share of the stock market.

            Just as they did in 2009.
            I'm sure it is.

            All I want is a heads up to when to move my 401k into a money market to ride out the next crash. Just like those senators in that intel briefing.

            Because the next one is going to hurt.
            “Demolish the bridges behind you… then there is no choice but to build again.”

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            • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

              Originally posted by aparch View Post
              I'm sure it is.

              All I want is a heads up to when to move my 401k into a money market to ride out the next crash. Just like those senators in that intel briefing.

              Because the next one is going to hurt.

              A 6 figure donation to Kelly Loeffler's re-election campaign ought to be enough to hook you up with some insider info.
              Last edited by Rover; 05-26-2020, 03:36 PM.
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              • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                Kelly Loeffler don't spread for anything less than 7 figures.
                What kind of cheese are you planning to put on top?

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                • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                  Meanwhile, my generation was told if we didn't buy lattes or avocado toast, we'd be rich by now. Well, I've been without those things for two months, and still not a billionaire.
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                  • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                    Originally posted by MissThundercat View Post
                    Meanwhile, my generation was told if we didn't buy lattes or avocado toast, we'd be rich by now. Well, I've been without those things for two months, and still not a billionaire.
                    Incorrect. Misinterpretation.

                    Your generation (and every generation, just in a different way) was told to be responsible with money. For your generation, do you really need that $5 coffee? For my generation, did we really need that $15 music CD?

                    Don't buy what you can't afford. Most of the time, that boils down to bigger purchases (car, house, etc). But the little things add up quickly.
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                    • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                      I take a couple days off to use up some excess PTO and I miss this wonderful exchange on CNBC this morning:
                      https://www.youtube.com/watch?v=hdy7ZS-P9to
                      Andrew Ross Sorkin and Joe Kernen get into a very heated debate live on air.
                      “Demolish the bridges behind you… then there is no choice but to build again.”

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                      • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                        I do love Andrew Ross Sorkin!
                        "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
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                        • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                          Ouch. And that's just the white collars.

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                          • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                            I would imagine Gab wouldn't have the same war chest that Twitter would to fight lawsuits, right?

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                            KDR

                            Rover Frenchy, Classic! Great post.
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                            DisplacedCornellian Hahaha. Thread over. Frenchy wins.

                            Test to see if I can add this.

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                            • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                              Fair CoOp is the organization discussed by the correspondent on Unicorn Riot. There's a lot of material so it's a reference for those interested in alternative ways of organizing economically.
                              Last edited by Kepler; 05-31-2020, 03:53 AM.
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                              • Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

                                Whew, this thread feels like it's been months since last posted in.

                                New jobless claims were 1.9 Mil today. I'll update the running scoreboard later.

                                Continuing jobless claims dipped to 19.3 Mil, down from the high of 23 Mil.
                                “Demolish the bridges behind you… then there is no choice but to build again.”

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