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Repeat After Me: The Markets Are Not the Economy

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posted on Jul, 14 2020 @ 02:48 AM
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a reply to: Guiltyguitarist
His playing on Rust In Peace was out of this world, that whole album was epic, the sum of all the parts


I feel you on the trade in deal, get burned every time, but I guess saves the hassle of meeting up with some wingnut via craigslist




Now, to stay on topic,

I don't know much about markets vs economy, I just asked a question of another poster. I'm not asking anyone to do anything other than acknowledge there is something other than Venezuela as an example of everything left of America.




posted on Jul, 14 2020 @ 07:43 AM
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a reply to: Southern Guardian

I very much was.

I grew up when I realized the world didn't owe me anything just because I'm alive in it.

It's a liberating realization.

You should try it.



posted on Jul, 14 2020 @ 08:05 AM
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a reply to: projectvxn

Yep. The only good thing to come out of Steven Greers mouth was : the truth will set you free. But first it will really piss you off.



posted on Jul, 14 2020 @ 08:10 AM
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a reply to: TheRedneck

Pretty sure he meant Medicaid. Not Medicare. There is no shame in having Medicare, it’s something to strive for.



posted on Jul, 14 2020 @ 08:11 AM
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originally posted by: Vector99
They aren't the economy, they are an INDICATOR of the state of the economy.


From page one - simply put and accurate. The markets are an indicator of the state of the economy and the anticipated state of the economy by the investors who make the economy move. They are a compass for what direction the country is headed economically.

Nothing else to it really.



posted on Jul, 14 2020 @ 08:14 AM
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No joke...

I remember democrats saying Market doesnt reflect the health of the economy under bush, but said it showed a great economy under obama, and now its not relfective of the health of the economy under trump.

Anyone with 2 brain cells knows it doesnt show anything about the economy for the normal people in the world.



posted on Jul, 14 2020 @ 09:45 AM
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the stock markets are akin to the surface water in a fish tank/ Aquarium

the people with money sprinkle the surface water with fish food... some of the braver fish gulp the floating food cast on the surface which breaks-the-water-surface-tension

and the more numerous scared fishes, lurking in the middle of the deep tank can gulp-down the food which descends toward the bottom

the cruddy bottom feeders are satisfied with the scraps that come their way


 
ETA


this pandemic 2020 (the 2nd half) is determined to result in a DOW NYSE collapse of 30% before election day usa

probably as response to Crisis in German Bank collapse and Germany default in Sept. the ReSet is underway in several areas-at-once
hold-on for a rough ride
edit on th31159473835514522020 by St Udio because: (no reason given)

edit on th31159473845314542020 by St Udio because: spacing



posted on Jul, 14 2020 @ 11:07 AM
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With the implementation of Reaganomics in the 1980's, the stock markets have been driven by the Federal Reserve, Corporate buy backs and normal stock trading. The true value of the markets is probably about half or a third of what it is today. Wish I could have invested 100 Grand in companies like Microsoft or Apple back when they first started. I would be a billionaire today if I had the patience to wait it out.



posted on Jul, 14 2020 @ 11:22 AM
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a reply to: Southern Guardian

Exactly. Back around January I was sicker than I have ever been in my 39yrs. I felt like I was on my death bed, with a pallet of bricks piled on my chest, but refused to go to the hospital because of lack of insurance. The system is definitely broken.

Last time I went to the hospital, WITH really decent health insurance, for my heart I still ended up in major debt, and had to clean out my 401k. (Diagnosed with bradycardia, I was too fit, going overboard with running and lifting, my resting HR was in the mid to high 30's, all good now)



posted on Jul, 14 2020 @ 05:08 PM
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a reply to: Irishhaf


I remember democrats saying Market doesnt reflect the health of the economy under bush, but said it showed a great economy under obama,


Politicians being hypocrites? Say it ain't so Irish! Great contribution. The OP still stands.



posted on Jul, 14 2020 @ 05:09 PM
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a reply to: KnoxMSP

Very sad to hear that Knox. I would not wish such a thing on anybody. I'm just wondering how far we'll allow this broken system to go before there are major consequences.



posted on Jul, 14 2020 @ 05:40 PM
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originally posted by: Southern Guardian
a reply to: KnoxMSP

Very sad to hear that Knox. I would not wish such a thing on anybody. I'm just wondering how far we'll allow this broken system to go before there are major consequences.





It's going to get be way worse, this whole covid mess coupled with inept leadership, actually it's worse than just inept it's a leadership that incites the very worst in people.



posted on Jul, 14 2020 @ 06:36 PM
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a reply to: hopenotfeariswhatweneed
Nope
This will magically disappear on November.



posted on Jul, 14 2020 @ 07:28 PM
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originally posted by: shooterbrody
a reply to: hopenotfeariswhatweneed
Nope
This will magically disappear on November.



What? the pandemic?



posted on Jul, 14 2020 @ 07:37 PM
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originally posted by: shooterbrody
a reply to: hopenotfeariswhatweneed
Nope
This will magically disappear on November.





The economy will disappear undertrump, it won't happen magically though.



posted on Jul, 14 2020 @ 09:38 PM
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a reply to: Guiltyguitarist


Pretty sure he meant Medicaid. Not Medicare. There is no shame in having Medicare, it’s something to strive for.

I doubt it; Medicare comes with SS Disability. They go together. I just found out I may be eligible for Medicaid as well, since I can't make any income except the disability. So it really doesn't matter... he is still disrespecting people who need the programs his party forced everyone into paying for.

Just more hate coming from the side of tolerance... and I plan on calling it out every time it pops its head up.

TheRedneck



posted on Jul, 14 2020 @ 09:50 PM
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originally posted by: Southern Guardian
Took me 20 years to figure that out. Recent events are very telling.


Jim Cramer's Mad Money, back in April


Conventional wisdom would explain the market’s comparatively modest losses this way: Since markets tend to be forward-looking, investors have already accounted for what’s expected to be a cataclysmic drop in second-quarter activity and are forecasting a relatively rapid economic recovery afterward. The Federal Reserve’s actions have also bolstered investors’ confidence that the bottom won’t fall out of the market.

But the pandemic has also highlighted a deeper trend. For decades, the market has been growing increasingly detached from the mainstream of American life, mirroring broad changes in the economy.

Source

I mean what? We've been told through all administrations since Reagan that the Markets have been on a consistent upward climb. When the markets do great, we do great, yet we've seen the opposite trend for the middle and working classes. Steady declines in middle-class household incomes. Wage stagnation. In fact, any wage growth having been outpaced by inflation over the last few decades. We're told we're growing, but we can't seem to keep up with costs anymore. The economy was supposedly the strongest it's ever been before this pandemic, for decades we were told this, yet we know that it's a different generation from those of our parents, where a family household could survive on one income. But keep on cutting those taxes, it outta trickle down right?



It's all a farce. They're all pissing on us and we're being constantly told it's golden rain. Until we do a complete overhaul of the economy, a refocus on the working man and woman of this country, we'll continue to lose out. Are we going to continue to fall for it? When the markets are owned by the top 1%, and make no reflection of how the working-class man is doing on the ground? Are we going to continue cutting taxes for the wealthy hoping it will continue to trickle down? Despite the evidence that the wealth avoid paying billions in taxes? The number of outstanding taxes has gone up 17 times since 2010, the vast majority of which can be traced back to the elite. Despite the fact we gave them billions of tax cuts over the last 10 years alone. We're all being fooled, and rest assured, they'll try it again once this pandemic blows over. The markets will be back up and we'll be told it's raining gold again! Any criticism, skepticism, and we'll be given the age-old red scare talk! Forgetting that any extreme should be of concern, whether left or right.


The richest people in America control Washington DC.
It is also the richest people in America that made their money, not from working but from the stock market Casino.

whorulesamerica.ucsc.edu...

Of Course they are going to prop up the Financial Sector with welfare handouts while giving the finger to Mainstreet.



posted on Jul, 14 2020 @ 09:55 PM
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originally posted by: FlyinHeadlock

I totally agree with you on healthcare but there is no viable solution. No country has really figured it out. Some claim they have but the quality is crap. At least in the US, one can get some basic care and if you have the coin / expensive coverage you can get exceptional care. That is one thing socialized medicine doesn't care about at all because, end of the day nobody has enough resources to give everyone the same level of care. Not everyone can have a Maserati on the highway. Some walk, some bike it, some a 1972 pink and gray Datsun.



No, the way it works in the USA, you cannot get medical care unless you have insurance or a fat wallet.
You can get care if it is a medical emergency, but not preventative care. Those with a medical emergency are in late stage cancer or organ failure and are given a bed to die in.



posted on Jul, 14 2020 @ 10:04 PM
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originally posted by: DanDanDat
In the past the wealthy of the world were land locked to the contrary they lived; and even in the towns in which they lived. This caused a situation where they had a vested interest in how the economic standing of their porer neighbors. 1) because they needed to keep their work force productive. 2) they want to keep their neighborhoods safe.

With the increased mobility of the wealthy, that has come from globalization, the tie between rich and pore within a country has become very much diminished to non existent.

Its not hard to picture a future world where the global devides that fule ills like war will not be geographic but economic. Where the world's elite throw off national pride and unit under one global umbrella, and where everyone else are seen as nothing more than fodder no mater what country they live in.

Individual countries will mimic Charles Dickens ... "a tail of two countries" same geological location very different governance and expectations.



This is a good point.
In the past, the owner of a company and your boss lived in the same community you did.
Many small mom and pops lived in the same town as the workers.
With the Bigger Corporations, the owners and upper management can be located in Switzerland in a ritzy town while the workers could be located in a heavily polluted city in China where workers are stacked 20 to a room in dormitory style buildings.

The owners have no skin in the game.
If you force the owners, shareholders and upper management to live along side their workers, they are not going to like it.

They would make changes to the surrounding areas and worker pay to improve their own standard of living.
edit on 14-7-2020 by jacobe001 because: (no reason given)



posted on Jul, 14 2020 @ 10:42 PM
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originally posted by: Vector99
a reply to: Blue Shift



What's anybody going to do for the economy?

This right here is the epitome of the liberal mindset.

Did you eat food today? If you did, it's likely because somebody else went to work today.




I ate today, because of the producers, not because of the takers on Wall Street.



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