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Just look at the market since COVID. We're coming out of a bubble. When stocks go way up, companies get drunk on their newfound riches and spend excessively, ju
by roarcher 4y ago
Just look at the market since COVID. We're coming out of a bubble. When stocks go way up, companies get drunk on their newfound riches and spend excessively, just like individuals. Then times get leaner and they cut back. Only difference is that individuals aren't usually putting other people out of jobs when they do it, at least not directly.
This has happened many times before and will continue to happen cyclically as long as people are free to spend their money how they see fit. Why would this particular time be the result of some vast conspiracy?