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Where else you gonna put your money? Bonds? Cash? Land? Foreign funds? Nothing looks great. Maybe invest in silly tech companies? Who knows, maybe one of them i
by CalRobert 7y ago
Where else you gonna put your money? Bonds? Cash? Land? Foreign funds? Nothing looks great. Maybe invest in silly tech companies? Who knows, maybe one of them is the next Google!
As for how things are bad for the regular joe or jane while stocks go up; companies could literally enslave a good chunk of the population and still be profitable, meriting a high stock price - moreso, even. There's prior art here. High stock prices can be an indication that companies are just really good at extracting the wealth produced by labour.
- Gibbon1 7y ago> High stock prices can be an indication that companies are just really good at extracting the wealth produced by labour. Western companies have become adept getting handouts from governments and central banks. Chinese companies extract value from labor.