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You've provided an explanation (which I'm also completely familiar with) but not a rationale. What is really happening is that corporate profits are set to be
by jacknews 4y ago
You've provided an explanation (which I'm also completely familiar with) but not a rationale.
What is really happening is that corporate profits are set to be squeezed (slightly) by rising costs, both labor and capital, and so that provides a reason why stock prices go down.
But it doesn't answer the actual question, of why everything going great should be a bad thing.
- BurningFrog 4y agoThat question is answered quite well in the post you're commenting.
- jacknews 4y agoAs I said, the answer is just an explanation, which I'm quite familiar with, though I dispute that inflation is necessarily 'very bad'. "It's just money. It's made up" Our 20th century financial system is as much made up as it is 'fundamental economics' and it has now got out of hand,and proves to be unfit for the duty of serving society for the 21st century. As evidence, when strong job creation and economic growth is 'bad'.