The stock market is a meat grinder
this post was submitted on 20 Dec 2023
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You don't understand: it's the creative destruction. Yes, people are destroyed, but that's a sccrifice the rich are willing to make.
"They" is just another corporate machine. It's not for us, it just pretends to be. "Booming" is just a reflection of the current stock bump, unemployment lows and analyst predictions because that's all a corporate machine would know about. It could just as easily turn around next week to "recession lights blinking" or some other nonsense. You can pretty safely just ignore all that trash at this point.
Child Poverty and people getting thrown off Medicaid are the return to status quo after temporary pandemic programs. If those people being poor and not having Medicaid prevent the economy from booming then the economy has never boomed except in the depths of the Covid lockdowns.
Maybe "booming" isn't what we need the economy to be. I'd much rather it be humane.
I make very good money, but I'd be perfectly happy making 1/3 as much if I knew my savings wouldn't be obliterated by things totally out of my control like medical bills or a layoff. I feel bad about hoarding money but I still do it because I know the only real safety net I have in this country is what I make for myself.
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Good luck getting him to honestly explain why those things are the way they are.
Why are those things the way they are?
Does he mean 138% as 38% more than previously, or 238% of what it used to be?
The latter. They're saying the rate is over double what it was before. It apparently fell to 5.2% in 2021 and jumped to 12.4% in 2022. That 7.2% jump is 138% of the 2021 value making it 238% of what it used to be, or as he post said it a 138% increase
they're trying to convince other rich goons more than us