Investing General Discussion
- Thread starter Furious
- Start date
Kithani
Blackwing Lair Raider
- 1,056
- 1,316
The US economy is 'doing very well' and there aren't signs of instability in financial markets despite intense volatility, Treasury Secretary Janet Yellen says
"We really haven't seen signs of financial instability in the United States and our financial markets continue to function well," Janet Yellen said.
markets.businessinsider.com
- 1
- 1
- 1
ShakyJake
<Donor>
- 7,631
- 19,265
I think they just say that shit in an attempt to calm the markets. I can somewhat understand that they don't want to run around screaming, "we're all fucked!". But it does make them look completely incompetent a few months down the road when the exact opposite happens.
- 3
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,488
- 107,544
Yellen doesn't need any help looking incompetent. She is, in fact, incompetent.
- 6
- 1
- 1
- 7,110
- 23,255
If your plane crashes in the ocean, and you and the guy sitting next to you manage to survive only to find yourself in the middle of the fucking ocean, at some point both parties find yourselves exhausted and drowning, your lizard brained survival instincts may kick in, and to keep yourself afloat you climb them, effectively drowning them.
This will buy you mere seconds, and the victim you're drowning will probably pull you down with them regardless.
Relative doesn't apply, when everyone is drowning.
Last edited:
- 2
- 1
- 1
Mist
Eeyore Enthusiast
- 30,413
- 22,201
The good:
-Corporate profits are higher than they've been in 50 years.
-Tax revenues are incredibly high.
-The dollar is insanely strong.
-Despite all the political bullshittery going on, the energy crisis has been surprisingly mild, because there are actual alternatives today, when there wasn't 50 years ago.
-Housing starts might be down but contractors are still extremely busy due to the renovations, remodels and expansions to existing homes spurred by people in the home-owning class spending more time at home and less at the office.
-Kids are graduating high school and college and entering into an amazing job market, meaning they won't face the same issues that we faced when we graduated into the mid 2000s or early 2010s era where they were no fucking jobs.
The bad:
-Food prices suck.
-Rents are fucking awful.
-Rampant NIMBYism is preventing affordable housing, nuclear energy, high tech manufacturing, and just about everything else.
-The free money spigot is turned off, but the profitable corporations still have tons of cash, see above. The unprofitable corporations will go out of business, but that's actually a good thing.
We'll be fine and we're definitely not drowning.
- 2
Kiroy
Marine Biologist
- 34,642
- 99,965
lol give this list to a typical lower/mid middle class person while explaining how great America is while they can't afford food or gas and they'd bash your brains in.
you're just about as disconnected as your average politician, but for obviously different reasons (the serial killer/rapist level iq maybe?)
- 3
- 1
- 1
Arden
Blackwing Lair Raider
- 2,648
- 1,941
Wait, is the U.S. the plane, the person drowning, the person climbing on the person drowning, or the ocean?
Mist
Eeyore Enthusiast
- 30,413
- 22,201
I used to be poor. It sucked.
I stopped being poor.
As long as there's plenty of work, people have the power to choose to stop being poor.
There's still plenty of work. The Fed and the markets are conspiring to change that.
- 1
- 1
- 7,110
- 23,255
Tmac
Adventurer
- 9,369
- 15,912
You don’t compare the US to Guatafuckingmala. You compare the US today to the US two, five, ten years ago.
- 3
- 3
Falstaff
Ahn'Qiraj Raider
- 8,311
- 3,166
The US economy two, five, ten years ago is built on exploitation of the poor and middle class. You could go back decades even.
This is going to be too political of a post for this thread but whatever, Both political parties pander to this exploitation. Dems do it. Republicans do it by telling their constituents that the tax cuts they just gave Ken Griffin are actually good for them, and even if they aren’t, then just pull yourselves up by your bootstraps and get out of poverty. It’s ignorant to think that 99% of the people born into poverty don’t stay in poverty. I get you hate Mist but it’s just a bad argument. Even Mist is the exception.
This is going to be too political of a post for this thread but whatever, Both political parties pander to this exploitation. Dems do it. Republicans do it by telling their constituents that the tax cuts they just gave Ken Griffin are actually good for them, and even if they aren’t, then just pull yourselves up by your bootstraps and get out of poverty. It’s ignorant to think that 99% of the people born into poverty don’t stay in poverty. I get you hate Mist but it’s just a bad argument. Even Mist is the exception.
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,488
- 107,544
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,488
- 107,544
Mist
Eeyore Enthusiast
- 30,413
- 22,201
I'm comparing the US to other advanced competitive economies, like the UK, Germany and Japan.
Hell, China is STILL DOING COVID LOCKDOWNS:
After COVID-19 cases tripled over the holiday, Chinese cities are imposing fresh lockdowns
Cities in China are imposing fresh restrictions and lockdowns. Travel restrictions come after COVID-19 cases tripled during a weeklong holiday.
MSN
www.msn.com
The only advanced economy I can find that seems to be doing arguably somewhat better than the US is South Korea. They have some serious inflation though not as bad as the US. But they have less levers to pull.
- 1
- 1
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,488
- 107,544