JUST IN: Some 900,000 workers in the U.S. lost their jobs and filed for unemployment insurance last week, the U.S. Department of Labor says. https://abcn.ws/3sJmqIo pic.twitter.com/KVrc3m95Hf
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JUST IN: Some 900,000 workers in the U.S. lost their jobs and filed for unemployment insurance last week, the U.S. Department of Labor says. https://abcn.ws/3sJmqIo pic.twitter.com/KVrc3m95Hf
And yet the stock market just keeps on skyrocketing what the hell is all that optimism based on?
Stability of leadership.
Promise of free money. And few other places to put said money where it will get a good return.
You think people receiving stimulus payments are investing in the stock market? Money will enter the economy via goods and services but minimal amounts will be tied into investment. Markets like stability. Biden offers stability.
Not talking about stimmy payments, talking about the fed giving banks money to loan for basically nothing and banks not needing to carry a reserve amount that is the free money I am referring to.
It's a ponzi scheme, fed creates money out of thin air gives it to the banks ,banks loan millions to corporations who buy back their own stock increasing the price of their stock they take out the profit pay back the loan and voila free money.
Certainly can't disagree with that. Though despite all those monetary levers being pulled the market was still highly volatile due to political uncertainty. The real fact is the stock market isn't the economy.
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