Isn’t that great? Whatever happens, the rich get more rich.
Reminds me of the Kangaroo Chronicles, when the kangaroo explains capitalism:
“Capitalism is a monster that eats people and shits gold. We bound it in in centuries of collective action. What we have seen in the past few decades is how the people that gold is shat upon have broken the monster’s chains so that it eats more people and shits more gold and one can only hope that these people will one day be killed by the falling gold nuggets.“
Maybe not an accurate assessment. Uncertainty causes the stock market to fluctuate, someone has to sell in order for stock prices to go up. Brokers look for stocks that are impacted by national attention (same as journalists). That Wall st. Fox news, Cops, and Capitalism in general are evil is a separate matter. They were never intended to be and in some ways they’re not. Their designers were a product of their own limited experience.
IIRC, it’s particularly big tech companies – Google, Microsoft, Apple, etc. – that have been pushing the markets up. Most components of the S&P 500 are down, in some cases by a lot, or treading water.
Almost right…people in general are scared for the future. People in that circumstance will not be committing themselves to any major purchases for a long time. Hoarding cash for rent, utilities, and food…that’s what people are doing. Pie-in-the-sky forecasting just makes entrail readers look like fools…especially FOX pundits, all of whom are Trump fluffers anyway!
