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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.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">A message from the President: <a href="https://t.co/vCbePGgAV5">pic.twitter.com/vCbePGgAV5</a></p>— Real Press Sec Bot (@RealPressSecBot) <a href="https://twitter.com/RealPressSecBot/status/1265278675575963653?ref_src=twsrc%5Etfw">May 26, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

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

rufus said:
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.
Click to expand...

And the real estate markets, and the commodities markets, and the securities markets, ...
 
rufus said:
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.
Click to expand...

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

aparch said:
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.
Click to expand...


A 6 figure donation to Kelly Loeffler's re-election campaign ought to be enough to hook you up with some insider info. ;)
 
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Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

Kelly Loeffler don't spread for anything less than 7 figures.
 
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.
 
Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

MissThundercat said:
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.
Click to expand...

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

Ouch. And that's just the white collars.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Good evening. <a href="https://twitter.com/AmericanAir?ref_src=twsrc%5Etfw">@AmericanAir</a> told employees it will cut 30% of management workers. Employees can leave voluntarily before Oct. 1, or take their chances. Also, management employees must take half their vacation days by 9/30. Don't let news of a recovery fool you. This is a slog. <a href="https://t.co/LwxakMtmXr">pic.twitter.com/LwxakMtmXr</a></p>— Brian Sumers (@BrianSumers) <a href="https://twitter.com/BrianSumers/status/1265826059062149121?ref_src=twsrc%5Etfw">May 28, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 
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?
 
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.
 
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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.
 
Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

aparch said:
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.
Click to expand...

First it was 1918. Next it was 1968. Now it will be 1929.
 
Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

Jobs report adds 2.5 million jobs.

+2.8 due to temporary layoffs coming back.

-0.3 due to an increase in permanent layoffs.
 
Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Really Big Jobs Report. Great going President Trump (kidding but true)!</p>— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1268883561651884032?ref_src=twsrc%5Etfw">June 5, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 
Spartanforlife4 said:
Jobs report adds 2.5 million jobs.

+2.8 due to temporary layoffs coming back.

-0.3 due to an increase in permanent layoffs.
Click to expand...

Whoopsie...

<blockquote class="twitter-tweet" data-conversation="none"><p lang="en" dir="ltr">The Labor Department admitted that government household survey-takers mistakenly counted about 4.9 million temporarily laid-off people as employed. The government doesn't correct its survey results for fear of the appearance of political manipulation.</p>— MPR News (@MPRnews) <a href="https://twitter.com/MPRnews/status/1268921394663841792?ref_src=twsrc%5Etfw">June 5, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 
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