That’s awesome I guess… if only the stock market was at all related to the actual economy.
It helps retirement funds, like if you have a 401k or IRA.
I’m kinda suprised the numbers aren’t like 1% owns 99% of the shares.
War profit, layoff profit, benefit reduction profit, ballooning healthcare cost profit.
31,188.38 the day Uncle Joe was sworn in, so +8,811.62 - 28.25% of what he started with.
By point of comparison:
Trump:
1/20/2017 - 19,827.25
5/15/2020 - 23,685.42
+3,858.17 - 19.46% of starting value.Obama 1st Term:
1/20/2009 - 7,949.09
5/16/2012 - 12,598.55
+4,649.46 - 58.49% of starting value.Obama 2nd Term:
1/22/2013 - 13,712.21
5/16/2016 - 17,710.71
+3,998.5 - 29.16% of starting value.Source:
https://finance.yahoo.com/quote/^DJI/history/?period1=694362600&period2=1715877818I assume it will make as much difference in my life as usual.
Wasn’t there a book about this in the 1990’s? Or maybe a Wired headline?
I don’t understand why there is a bull market.
Wouldn’t the latest CPI report mean that the FED is less likely to lower interest rates which in turn would mean the high APY cash accounts are going to stay in effect for longer? Meaning a 5% APY on liquid cash without risk.
The only reason I can think of is that Boomers are trying to maximize their retirement funds and not reading anything, not even headlines.
But this wouldn’t take into account the large banks and firms that are really leading the bull run.
Is this really just because of the idea that there is a potential for “AI” to increase productivity?
None of it makes sense to me, but I’m not an economist.
Surely this wealth is this gunna trickle down to the lower classes? Right guys?
The wealth was generated by firing employees.
