Results 1 to 11 of 11
Stock Market Breaks Records
This makes me angry.
Stock markets are going through the roof. However, people remain poor and living on the streets, but since the wealthy are getting wealthier, we are supposed to look forward to a brighter future. A brighter future for whom? Perhaps this will stimulate the economy and make conditions for the worker a little better. But all-in-all, nothing will change for the proletariat.
And then the stock market will crash again and it will be the worker who suffers. I know I'm preaching to the choir but still this pisses me off whenever I hear something on the news about financial progress for the rich and how it is supposedly a "good thing"
Yes, we want to make your wife a radical feminist lesbian, we want to forcibly gay marry you to a leatherclad bear, we want to send your kids into white slavery at the court of a black communist dictator, we want to paint your church red with the blood of christian babies, we want to set fire to your ikea and your SUV, we want to rape your labrador with the broken pieces of your white picketed fence.
We want to wage nuclear war on the nuclear family.
why? because we are pinko freedom hating commienazi atheist bastards, its just what we do.
~psycho
The stock market is doing well because globally the working-class and poor are under attack. Misery makes money.
"The essence of all slavery consists in taking the product of another's labor by force. It is immaterial whether this force be founded upon ownership of the slave or ownership of the money that he must get to live" -Leo Tolstoy
"Government is the shadow cast by business over society."
John Dewey
RIP Ian Tomlinson (victim of UK police brutality)
The stock market has not reflected economic realities since the last crash. That is, economic realities in terms of employment, "consumer confidence", etc. Profits are just fine.
This actually isn't really because profits are high. Profits might be decent in some financial services firms, but just about every other sector of the global economy is suffering.
understand that part of this is because "borrowing" is no longer a really viable option. Interest rates are incredibly low, so purchasing stocks, which at least give dividents, are seen as preferable by those with lots of $$$.
Why are interest rates so low? Part of the problem is that governments, particularly the ECB and the US Federal Reserve see the economy as fragile and are reluctant to reduce the money supply.
This in effect pushes up stock prices. American and Japanese companies right now are seen as a safe bet because the US and Japanese economy are not hobbled by the austerity mania that has gripped Greater Germany - err... I mean the Eurozone. Commodities in economies like Australia, Russia and the middle East are a bit shakier because of the slow down in China and India, making three (DOW, NASDAQ, NIKKEI) out of the four (DNK + Footsie) indices look better. That is why we see "record stock prices" in these historically overvalued markets.
百花齐放
-----------------------------
la luz
de un Rojo Amanecer
anuncia ya
la vida que vendrá.
-Quilapayun
"The stock market" is just a small subsection of global financial securities markets - specifically, a subset of the broader equity markets. The major indices which are used as a barometer of market performance - S&P, DJIA, NASDAQ - are just that: indices. They are comprised of a portfolio of equities designed to meet the overall goals of the index.
"Stock market records" are not being seen in the fixed income market right now, for example. I'm also not a commodities buff but I believe some of those markets have seen a slowdown relative to the past few months/year or two.
Debt is cheap as hell right now. What are you talking about?
Sorry, I meant lending is no longer a viable option.
百花齐放
-----------------------------
la luz
de un Rojo Amanecer
anuncia ya
la vida que vendrá.
-Quilapayun
well, some debt yields are high, but the "safe" bonds that individuals usually purchase (US government, municipal, large corporate) have pretty deflated yields due to the low rates.
The amount of fictitious capital is soaring just before another harrowing collapse.
Seriously I am not joking Stock Market education to me I am dyslexic I have no idea how it works. I tried to understand what is that mean, I watched many documentaries, films read some articles, not a clue about that. Probably it is fiction.
Also to add to this that inflation is rather low at the moment, in relative terms to previous recessions, depressions and crashes, means that financial capital really is having a field day despite the real economy gloom.
No matter what. The right wing in America will still call this capitalist an commie.
