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The stock market is not a magical abstract thing that has no impact on people's lives. It has an indirect and huge impact on all of us.
by cscurmudgeon 7y ago
The stock market is not a magical abstract thing that has no impact on people's lives.
It has an indirect and huge impact on all of us.
- dumbfoundded 7y agoMoney in our pockets would also have a direct impact us on. Why include the middleman? Let bad companies fail.
- tathougies 7y agoI think the issue here is that companies could fail without doing anything wrong. It's not just bad companies that will fail, but also responsible companies that simply cannot weather a months-long economic standstill.
- dumbfoundded 7y agoOther than the logistical difficulties specifically imposed by Covid 19, I believe good companies should be able to weather a couple of months of double-digit reductions in sales. Like if airlines or large events are forced to close down, I could see helping them. Everyone else who simply has to deal with a reduction in consumer spending should take some responsibility for overbuilding for an overheated economy. For whatever cause, the Fed has predicted a recession months ago.
- cscurmudgeon 7y agoMost (all?) of the stimulus is loans that will be repaid.
- nerfhammer 7y agothis won't help the stock market, that's hopeless now. people are only going to spend money on essentials until the crisis is over.