It’s a big game of Financial Hot Potato. Whoever gets stuck with it at the end loses. Unfortunately, so do all of our mutual funds.
And that’s the problem of chanting USA! USA! USA! and picking fights with everyone (including allies and trading partners like Mexico and Canada) at the same time.
Who knew isolating enemies this way could be so hard?
This will be the legacy of the pandemic and its resultant economic crisis. It should be no surprise as it was the legacy of the housing crisis: the rich will get richer and the poor will get poorer. The middle class will shrink, with some who think of themselves as working class will get pushed off the ladder into the cesspit of poverty – Restaurant servers, bartenders, retail workers, and others in the service industry are probably prime candidates for experiencing this fate. It may not be the help, either; this will even include entrepreneurs, too. Not all business owners are rich. They just have - well, had - credit.
The stock market =/= The Economy
In spite of the fact that trump uses the DOW as his scorecard. Even people who have no investments think if the DOW is up, everything is fine.
I confess to being more than surprised at the stock market’s resiliency, but I still feel fairly confident that the Dow will experience a real correction somewhere down between 15,000 to 20,000. I remember the “It’s the New Economy” bullshit of the late 90s.
Markets are being buoyed mostly by four or five big tech stocks.
It’s not resiliency. It’s an illusion.
Sure wish we had a “like” emoji right now. Big +1 for this post.
F-f-f-f-u-u-u-u-c-c-c-k.
There’s nothing preventing them from bcc-ing the CDC is there?
7.December: The Reaping will take place this month. Everybody get your kids ready. (And may the odds be ever in your favor.)
And if you’ve got some money after that,
[The America-hating fuckstick]'s gonna sell you a MAGA hat…
IMHO regarding the DOW…it’s no more artificially inflated than usual. I suspect there was a lot of investor panic in March and a lot of stocks dumped as people waited for Armageddon. More calm and rational types realized that (a) the pandemic is going away some day and (b) so now is a good time to snap up stock at bargain prices. So whenever investors hear good news about a vaccine and/or notice that China and the EU seem to have recovered just fine, the DOW goes up.
Yes, but it isn’t one specific web site. I see news links to all sorts of sites that, when I click on them, take me to a pay wall. So should I pay for every podunk local paper that wants me to subscribe before I read the one article that interests me? Even if it means accumulating dozens of subscriptions? Fuck that shit, I would never do that, even if I could afford to. And that includes Thelma Lou’s particular favorites in that list.
Reductio ad absurdum, when ya got nuttin’ else.
No you shouldn’t pay for every podunk local paper that wants you to subscribe, any more than you should buy everything you see in the store or advertised on TV or the internet. You make choices based on the quality of the product and what you want to spend. I pay to subscribe to my local paper, the New York Times, the Washington Post, and the Atlantic, because I value those publications. I also get a few women’s magazines (the checkout aisle kind) on my kindle. You would make different choices, no doubt.
What I object to is the pissy, freeloading attitude that gets on its Huffy bike because some organization that produces a product of value actually expects people to PAY for it. That’s the kind of person who never picks up the bar tab or puts money in the group coffee kitty.
If you don’t value the thing, fine. Don’t pay for it, but don’t expect to have access to the content. And most publications don’t expect you to subscribe before you read the one article that interests you. Many allow X number of free articles per month.
Now if a subscription to something is several hundred or several thousand dollars per year, well, sure you’d have to think about how much you value it. An annual subscription to the New York Times is not cheap. It’s about $20/mo, which is over $200 per year. My local paper is $16/mo and I go through it in about 10 minutes (but I support local journalism). But an annual subscription to the Washington Post for $29?? Come on! And some kind of free access if you’re already paying for Amazon Prime? NO reason to bitch about that.
I’m done with this absurd discussion.
Nothing reductio ad adsurdum about it, that is exactly how I consume news. I don’t read “newspapers”, I read individual links to individual stories that Google news provides to me. 20 different stories can end up on as much as 20 different web sites. If any of them demand that I subscribe (or turn off my ad blocker) I leave the site. I don’t care if the article is in the New York Times or the Washington Post or the Beetville Beetonian. And I’m not going to subscribe to any of them.
And you will create this absurd discussion again and again and again as you always have, even (shamelessly) in the Tubadiva passing thread.
For those who want an antidote for and spewing Doggerel coming out of the mouth of the Orange Yam, I give you an randomly picked mid-campaign news conference, to remind you of what an actual presidential president sounds like.
The act of watching the first half probably lowered my blood pressure 10 points.
Ivanka found a job she’s almost qualified for…
Sounds like you’ve already found the perfect solution to your problem. Well done.
Well shit: the Orange Imperator’s just in full-on former Soviet republic mode now, ain’t he?
" “It’s going to disappear. One day, it’s like a miracle, it will disappear” Donald Trump, February 28, 2020
Well, that miracle day is soon to arrive! When this private company gets through with the data-scrubber, the virus will have just disappeared!
I didn’t realize it was that inexpensive. Thanks for the tip! I’ll gladly pay them that if it’ll help counter what free Fox “News” puts out.