Economic growth was weaker than expected in the second quarter while inflation in June held well above the Fed's goal, the Commerce Department reported Thursday.
And yet the stock market just keeps climbing... I don't understand how this stuff works, obviously. With a sluggish economy and an uncertain outlook with war and oil and political upheaval, it make no sense to me.
My puny little portfolio has been bumping up against a nice round milestone figure for months and just hit it today.
(Warning: Hyperbole Incoming.)
The stock market is entirely divorced from economic production. People who invest in stocks aren't gambling that the companies they are investing in are going to increase production and drive economic growth. They are gambling that the shares they are buying will be sellable at a higher price in the future.
Investing in stocks is like collecting baseball cards.
Not true. Stocks have always gone way up in value if you hold long enough. Not so for baseball cards. I have a Ken Griffey Jr card like a 1/1000 I pulled from a Topps pack probably 35 years ago. Was offered around $300 back then and it's probably worth a 1/10 of that today.
Not true. Stocks have always gone way up in value if you hold long enough. Not so for baseball cards. I have a Ken Griffey Jr card like a 1/1000 I pulled from a Topps pack probably 35 years ago. Was offered around $300 back then and it's probably worth a 1/10 of that today.
Stocks don't always stay high forever. Ken Griffey = Sears
Economic growth was weaker than expected in the second quarter while inflation in June held well above the Fed's goal, the Commerce Department reported Thursday.
And yet the stock market just keeps climbing... I don't understand how this stuff works, obviously. With a sluggish economy and an uncertain outlook with war and oil and political upheaval, it make no sense to me.
My puny little portfolio has been bumping up against a nice round milestone figure for months and just hit it today.
(Warning: Hyperbole Incoming.)
The stock market is entirely divorced from economic production. People who invest in stocks aren't gambling that the companies they are investing in are going to increase production and drive economic growth. They are gambling that the shares they are buying will be sellable at a higher price in the future.
Investing in stocks is like collecting baseball cards.
It's a perceived value market. Most of the value is real, or it used to be. However, I can't believe the smartest companies in the world are investing the money they're investing without a solid plan and idea what will happen. AGI will happen. What happens after that marketwise, employmentwise, societywise. Those are the real questions.
Economic growth was weaker than expected in the second quarter while inflation in June held well above the Fed's goal, the Commerce Department reported Thursday.
And yet the stock market just keeps climbing... I don't understand how this stuff works, obviously. With a sluggish economy and an uncertain outlook with war and oil and political upheaval, it make no sense to me.
My puny little portfolio has been bumping up against a nice round milestone figure for months and just hit it today.
(Warning: Hyperbole Incoming.)
The stock market is entirely divorced from economic production. People who invest in stocks aren't gambling that the companies they are investing in are going to increase production and drive economic growth. They are gambling that the shares they are buying will be sellable at a higher price in the future.
Investing in stocks is like collecting baseball cards.
Not true. Stocks have always gone way up in value if you hold long enough. Not so for baseball cards. I have a Ken Griffey Jr card like a 1/1000 I pulled from a Topps pack probably 35 years ago. Was offered around $300 back then and it's probably worth a 1/10 of that today.
Get that card graded and it goes up exponentially.
You're not wrong often, but when you are, you're way wrong. Chubby 6s are wonderful, soccer sucks, and Trump has been the best Prez since Clinton/Reagan.
The most important issue was closing the border and stopping the invasion. Everything else is a distant 2nd.
Not true. Stocks have always gone way up in value if you hold long enough. Not so for baseball cards. I have a Ken Griffey Jr card like a 1/1000 I pulled from a Topps pack probably 35 years ago. Was offered around $300 back then and it's probably worth a 1/10 of that today.
I call bullshit. Junior cards are going to the moon. Jordans are going out of the galaxy. I bought a graded 1987 Jordan for $400 early this year and the latest are going for $850-$1,000.
Single Payor (with AI to diminish administrative bloat). Sorry docs. You're taking a haircut.
Reduce the deficit so that interest payments on government debt aren't exceeding 6% of GDP.
We almost can't cut spending in any meaningful way outside of the military. Our entire society and economic model is based on getting SS at 62-70 and medicare at 65. those are promises made. Can't rug pull now. No way.
Like I said earlier, the only way out may be through a radical change fueled by AI. The cost of labor will be so cheap that taxing it won't do shit anyway.
And make people on Medicare who make millions pay the same % of their income for their Medicare premium as someone making $200,000.
There are 10 types of people in this world, those who know binary and those who don't.
@aloha-hoosier that’s not new. That’s been around forever. No idea who those posters are now
No, not new, but not that old either. I remember when it happened, just not the year. I think within 10 years or so? Some of the posters are from the old Peegs site and have the same names. Some are from old Peegs and have new names and of course there are new posters. I mostly read there and rarely post, but I have an account with them.
I haven't been over there for some time. Unless it has changed you could read some posts on it unless you were a subscriber or some weird thing like that. Don't remember the details.
There are 10 types of people in this world, those who know binary and those who don't.
"'Friday’s jobs report was not just much weaker-than-expected, it showed that the economy shed jobs during July, which puts the Federal Reserve in a conundrum, since inflation is still elevated and sticky,' said Brent Wilsey, chief investment officer at Wilsey Asset Management."
The only silver lining in this shitty jobs report is that an interest rate hike may not be imminent.
