If the markets were properly analyzing the situation, they’d realize that we will no longer have reliable economic stats - unemployment, inflation, trade #s are all going to be baked. Our economy has remained strong because of that data. Census data informs all of the funding and local spend…
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One of them is writing market propaganda for Musk and Trump.
Instead, we have monopolists carving up the country as spoils.
It's not any kind of indicator of the health of an economy.
Maybe there is an inherent value of some companies. Like Disney isn't going anywhere anytime soon.
But buying stocks because you think other people are going to buy stocks? Gambling on how other people gamble.
The stock market is not the economy.
And that's the problem, because the media thinks stocks are the economy. But stocks are gambling.
I'm not long for this convo.
https://www.cnn.com/2024/08/21/economy/bls-jobs-revisions/index.html