Someone on Lemmy pointed out that you can usually just replace “the economy” with “rich people’s yacht money” in most news articles, and I’ll be damned if that isn’t the truth.
Wednesday’s strong reports on Rich People’s Yacht Money were welcome news for the Federal Reserve, whose job it is to keep the U.S. job market healthy and inflation low. The Fed’s job has become more difficult because of the jump in oil prices, which is pushing upward on already high inflation.
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The Dow Jones Industrial Average just crossed 50,000 points for the first time, but that doesn’t mean Rich People’s Yacht Money is healthy
I was a kid for the dot com bubble. I was a teenager for the mortgage lending crash. Watched and learned what happened. When COVID caused another crash I knew what to do and how to make money from it. Another crash is just another opportunity to make money. Not as much as the rich assholes that cause all of this, but enough.
See enough crashes and you can turn a few tens into hundreds, hundreds into thousands, etc. just do what you can afford. For the rich an economic crash is just an opportunity to buy everything for cheap. Line must go up, put down a few bucks and ride that line.
The more you look into the stock market, the more you realize the values are made up with only a tenuous link to reality in order to cover up the glorified casino that it is.
Economy crash is less damaging of a totalitarian techno-regime
Yeah, the economy has crashed, what, like 3 times in my life now?
Fuck the economy.
Fuck the economy and fuck capitalism
Economy has always been an euphemism for the financials of the capitalists
Someone on Lemmy pointed out that you can usually just replace “the economy” with “rich people’s yacht money” in most news articles, and I’ll be damned if that isn’t the truth.
“Rich People’s Yacht Money”
Wednesday’s strong reports on Rich People’s Yacht Money were welcome news for the Federal Reserve, whose job it is to keep the U.S. job market healthy and inflation low. The Fed’s job has become more difficult because of the jump in oil prices, which is pushing upward on already high inflation.
…
The Dow Jones Industrial Average just crossed 50,000 points for the first time, but that doesn’t mean Rich People’s Yacht Money is healthy
Lol
amen
I was a kid for the dot com bubble. I was a teenager for the mortgage lending crash. Watched and learned what happened. When COVID caused another crash I knew what to do and how to make money from it. Another crash is just another opportunity to make money. Not as much as the rich assholes that cause all of this, but enough.
Do that but let’s not pretend that is an option for the majority of the working class.
See enough crashes and you can turn a few tens into hundreds, hundreds into thousands, etc. just do what you can afford. For the rich an economic crash is just an opportunity to buy everything for cheap. Line must go up, put down a few bucks and ride that line.
When enough people catch on, they’ll change it up and you’ll be left holding the bag.
Buying stock in larger companies on the dip? Lol no. That’s not holding the bag.
The more you look into the stock market, the more you realize the values are made up with only a tenuous link to reality in order to cover up the glorified casino that it is.
Better to rip off the band aid now
And economy crash is inevitable anyway because that’s just what capitalism does.