Dow Jones is still up 2.95% by the year. We are now around the level of mid-August 2024. So most that has been lost now involves at least some level of speculation on the outcome of the US election 2024.
We need to stop worshiping the markets and reduce the size of the financial industry relative to the real economy. They don’t represent the reality for normal people and the financial industry is long past the point of being beneficial for efficient capital distribution. It is just parasites leeching the blood out of the real economy.
What the markets going down, then up, then down over and over indicates is that it’s not just a bad market, it’s a volatile one. That’s even worse for businesses because it means the market is unpredictable, which is worse than just being bad or good when making plans for the future.
What is even worse is that the market is in fact NOT unpredictable. We have a criminal traitor doing some insider trading and letting his friends know when he is going to shut tariffs on and off.
Also market crashing 15% and then going up 5% does not a rally make. That’s not even a recovery.
Dow Jones is still up 2.95% by the year. We are now around the level of mid-August 2024. So most that has been lost now involves at least some level of speculation on the outcome of the US election 2024.
We need to stop worshiping the markets and reduce the size of the financial industry relative to the real economy. They don’t represent the reality for normal people and the financial industry is long past the point of being beneficial for efficient capital distribution. It is just parasites leeching the blood out of the real economy.
What the markets going down, then up, then down over and over indicates is that it’s not just a bad market, it’s a volatile one. That’s even worse for businesses because it means the market is unpredictable, which is worse than just being bad or good when making plans for the future.
What is even worse is that the market is in fact NOT unpredictable. We have a criminal traitor doing some insider trading and letting his friends know when he is going to shut tariffs on and off.