I mean, tbh I feel the connection between reality and the Line is tenuous, at best. We've been getting economically rekt for the past eight months and the Line has been slowly climbing back up, completely detached from the economic realities of people dying, losing jobs, businesses closing, lack of profitability, etc. The basic premise of the market has pretty much been abandoned, leaving us with the nonsensical mess we have now.
That or something's flying over my head like it's always been mindless speculation and gambling that, regardless of outcome, benefits the rich by consolidating wealth and ownership around them, idk.
I know that, I would've just expected, you know, the complete disenfranchisement of a majority of the population and our inability to recover to be at least someone apparent in the stock market, but so long as these half-dead sick proles keep working, it's all good.
Two big reasons are stimulus, and the consolidation of a lot of commerce to large corporations as tons of small businesses fail to weather the storm (and remember that the dow and s&p measure big businesses, not small ones)
Part of the reason that the line broke is because of stimulus. The govt keeps pumping more and more money into big companies so they can keep buying back stock so the line goes up. If they suddenly announce that's going to stop ... this kills the line
We could've done so much the trillions that we dropped when the stock market was in free-fall, but nah line needs to go up again. I hate that I keep thinking common sense things like "keeping workers safe might not be profitable rn but it will be long term" and "slowing down business is worth it when all alive and spending again" but then coming to my senses that we'll never do something like that.
deleted by creator
I mean, tbh I feel the connection between reality and the Line is tenuous, at best. We've been getting economically rekt for the past eight months and the Line has been slowly climbing back up, completely detached from the economic realities of people dying, losing jobs, businesses closing, lack of profitability, etc. The basic premise of the market has pretty much been abandoned, leaving us with the nonsensical mess we have now.
That or something's flying over my head like it's always been mindless speculation and gambling that, regardless of outcome, benefits the rich by consolidating wealth and ownership around them, idk.
deleted by creator
I know that, I would've just expected, you know, the complete disenfranchisement of a majority of the population and our inability to recover to be at least someone apparent in the stock market, but so long as these half-dead sick proles keep working, it's all good.
Capitalism is sooooo efficient lol
Two big reasons are stimulus, and the consolidation of a lot of commerce to large corporations as tons of small businesses fail to weather the storm (and remember that the dow and s&p measure big businesses, not small ones)
Part of the reason that the line broke is because of stimulus. The govt keeps pumping more and more money into big companies so they can keep buying back stock so the line goes up. If they suddenly announce that's going to stop ... this kills the line
We could've done so much the trillions that we dropped when the stock market was in free-fall, but nah line needs to go up again. I hate that I keep thinking common sense things like "keeping workers safe might not be profitable rn but it will be long term" and "slowing down business is worth it when all alive and spending again" but then coming to my senses that we'll never do something like that.
deleted by creator