but the economy…
Excellent news.
Excellent news indeed, for those of us invested.
How about the concerns of the peons?
What about mainstreet…you know where most live on?
“Tickle down”
It will happen, I was told. Just let the rich get theirs first
Is it the market gaining strength or the market adjusting to inflation?
Probably a mix of both in this case.
Retirement accounts
We hire them.
Wanna do some work for me?
We’ll buy more stuff from them.
Eat out more.
Buy a new car from them.
Take a longer vacation.
Make larger charitable gifts.
All the things.
Eager for a Trump presidency.
Will you? You’ll squander your retirement on frivolity?
I already am
Can’t take it with you.
How sad.
Lol how is any of that “squandering”?
Lol who should spend our money then? Money we earned? Someone else?
Enjoy life!
stock market through the roof… you’ll need it to buy eggs and milk
no Kamala will ban those… enjoy your soylent green government cheese
Nice to see Trump is already having a positive effect!
That is to be expected.
The has NEVER kept more than 61% of GDP as cash on the sideline sitting in bank accounts, money market funds etc… As the excess COVID cash gets spent
- If it is spent on stocks, stock prices will rise.
- If it is spent on consumer items, consumer prices will rise.
- If it is spent on Monkey JPEGS, Monkey JPEG prices will rise.
.
.
.
The only question has ever been
“Is spending out of pile of magic money from the Fed,
the same as spending out of money made from making stuff and doing things?”
History says it is not. History says one is sustainable (real) and the other is ephemeral smoke and mirrors.)
Last time the stock market and housing soared like this
it turned out the the banks had been funding it via a lot of crappy on their balance sheets.
Good thing that’ll never happen again. (The government fixed it.)
Little consolation to those on main street who are paying 30 percent more for groceries thanks to the insane wild spending of Harris/Biden.
Even more for other things such as gasoline.