Well, the stock market is doing great, set new records last Tuesday, which scares the shit out of me. There doesn't seem to be real economic backing for this activity. So what happens when we collectively wake up and realize stock prices no longer reflect company value? Seems we had a similar problem in October 1929.
AntiTrumpAlliance
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An alliance among all who oppose Donald Trump's actions, positions, cabinet, supporters, policies, or motives. This alliance includes anyone from the left or the right; anyone from any religion or lack thereof; anyone from any country or state; any man, woman or child.
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!desantisthreatensusa@lemmy.world
Bubble do tend to make the stock market look great.
If anything, it's a sign it's popping soon.
Another sign is the dollar is down 2 more cents to the Euro, now trading at about 83.5¢ per Euro, when last month it was at an average of 85.5.
They're gonna try and juice the economy all the way up to the midterm elections, but I'm unsure if the economy even has that much to squeeze.
Either way it's gonna do a nosedive next year.
Stocks are up because the dollar is losing value. Lol inflation even affects stocks!
The 10 year cyclically adjusted price/earnings ratio is well past 1929 levels. The only other time to be higher was the dotcom burst.
I can't Afford CHRISTMAS presents for my Kids and have lost 10 Pounds because I can't BUY enough food but TRUMP said this so it's RIGHT!
-People who Do Their Own Research TM!
This man is delusional. He needs to be removed from office.
Remember when they made Bush Sr a one term loser for lying? The Republicans are just sad cult followers at this point.
Clearly he's never done a normal person thing like grocery shop. Costco beef stew meat went from $5.40/lb to now $8.45/lb in a year looking at an old receipt in the app. Steaks are pretty much out of budget for most people nowadays, doubled in price.
He can't fucking open doors on his own.
He can't even climb stairs on his own without taking cues from his wife.
Unless you break it down to individual words, there isn't a single true thing in that entire post.
"Day and night the telescreens bruised your ears with statistics proving that people today had more food, more clothes, better houses, better recreations—that they lived longer, worked shorter hours, were bigger, healthier, stronger, happier, more intelligent, better educated, than the people of fifty years ago."
The only thing somewhat saving me right now is unfortunately utilizing Amazon grocery delivery. I'm spending less because I'm not browsing the aisles and only getting the necessities.
Miller sure is filling that orange head with all sorts of AI slop videos!
It didn't occur to me that they would be controlling him through AI videos but holy shit does that check out.
Well, it is not that Donald is a regular visitor in any supermarket and would actually know what normal household goods actually cost.
He doesn't even know what groceries are. He's as dumb as a doorstopper.
A doorstop has a use