Matt Wuerker for July 31, 2020

The problem all along has been that everybody else’s boat is tied to a mortgage (if you’re luck) or rent, a single income per adult (at best) and whatever anchors your youth and habits have tied to your ankle.

Or maybe the problem is that people aren’t boats and the economy isn’t a tide… and the analogy doesn’t even slightly work.

A rising tide lifts all boats. Unfortunately, trickle-down economics only lifts boats of exclusive members.

Carnivorous capitalism is not your friend.

Here is an interesting look at how inequality and well-being have behaved over the past 200 years.

Bottom line: The well-being of the country is better when inequality is less.

http://peterturchin.com/cliodynamica/strange-disappearance/

I make less than $50,000.00 a year but have stock. It’s part of my company paid retirement plan. 1 percent of my income goes in whether I contribute or not. They match up to 5 percent. I can contribute up to 12 percent.

There’s that Blue Wave again . . . The Chosen One may think he can walk on water, but when the blue wave beneath him collapses (Like the Red Sea for the faithful Evangelicals) it will be a greater drop for the 1% than the rest of us already down on the bottom for years in the mud. Should have been nicer on your way up as you’ll meet them again on your way down.

Yup.

Not much diversity in the other 99% shown here.

The stock market is up because the dollar is worth less, not because the businesses are worth more: inflation!

A rising tide is going to change the face of the planet. In every sense of the phrase.

Not nearly enough plastic waste.. this is not very realistic.

And somehow, people who lost their jobs, health insurance and homes will point at the DOW and say Donnie is doing a great job with the economy.

Republicans borrowed trillions and gave it to their rich friends so they would not lose profits.

The worthless and corrupt Republican covid bill has hundreds of millions for jet fighters and not a cent for testing and tracing.

Q2 GDP: US economy contracted by worst-ever 32.9% in Q2, crushed by coronavirus lockdowns

At 32.9%, the second-quarter annualized contraction marked by far the worst plunge ever recorded, based on Bureau of Economic Analysis data spanning back to 1947. Before the pandemic, the worst GDP print on record was in the first quarter of 1958, when GDP fell 10.0% on an annualized basis.

Are we officially now in the Trump/Republican depression?

Why are Republicans killing the USA and why are we letting them get away with it?

The real indication that the Rethuglicans are running scared was their refusal to put Trump’s latest tax cut in the stimulus bill. Refusing to put that boondoggle in the newest law shows the fear the Rethuglicans have for their re-election chances this year.

But but but… Republicans assure us that supporting the 1% is good for you – if you know what’s good for you…

It is rather telling that stock market investors care more about part availability than the deaths of workers. After all, layoffs always improve the bottom line (in the short term). It’s just a more permanent layoff, right?

Mother didn’t teach him to share.

Along with the fact that a sudden squall or a gale will sink a lot of those rowboats and rafts.

Republicans are a greedy black hole, they take all of the tax dollars they can and give them to their rich friends so they can get kick back money to get reelected with.

The stock market is nothing more than gambling on a massive scale.

I remember when, mumble mumble decades ago, I first learned about selling stocks short. I thought at the time, “How the HELL [technically, at the time, I did not use such scandalous terms] can that be ‘investing’????!!!!!” It was clearly gambling, and if I (at a young and impressionable age) could understand that, how the HELL can’t other people these days? For that matter, repeat after me: The Dow Jones is not the stock market. The Standard and Poor is not the stock market. The stock market is NOT the economy. And people who are notorious for hiring illegal aliens and declaring bankruptcy should siddown and shaddup.

VERY interesting blog in that link – lots of data, relationships, historical trends, etc. And looks to be solid historical research and analysis. Will need to look at some of his other papers.

That only works for people who can afford a $10,000,000 Yacht.

It’s mostly virtual, Invisible money. Just watch. Say, if China, with loads if assets, decided to freeze selling rare Earth metals, as part of economic battle, that market would slide down steady. All if the slack is gone from the system. Our experiences during LOCKDOWN should demonstrate this….