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> people are living longer and having fewer children—and some retirement-age folks have little choice but to work because of inflation and a weak stock market.
by badpun 4y ago
> people are living longer and having fewer children—and some retirement-age folks have little choice but to work because of inflation and a weak stock market.
How out of touch one has to be to be calling the result of the latest mega bull-run on US stocks "a weak stock market"? If you want to see a real "weak stock market", check out Warsaw Stock Exchange, where stocks trade at 50% of their 2007 value - whereas, the US market is at 270% of its 2007 value, so basically doing 5x better.
- jimnotgym 4y agoWhat if you retired in 2008 and bought an annuity? The stock market would have really hurt you then
- RicoElectrico 4y agoAh, yes, the good old "banana exchange" [1] To be fair, it's ridiculous how much of the WIG20 index is partly state-owned, hence not preoccupied at all with the fiduciary duty. [1] https://gieldomania.pl/bananowa-gielda-dlaczego-mowimy-tak-na-gpw/ https://gieldomania.pl/bananowa-gielda-dlaczego-mowimy-tak-n...
- albatross13 4y agoThe stock market is fake and manipulated, and propped up by an empty fiat currency that has one leg left: the military might of the USA. How fast is your precious stock market gonna plummet once the world starts abandoning the USD as its reserve currency?
- malfist 4y agoWhat does your worldview get you besides angry?
- akomtu 4y agoHe could be referring to Matthew 6:19: "Do not store up for yourselves treasures on earth, ... But store up for yourselves treasures in heaven, ... For where your treasure is, there your heart will be also."
- paulryanrogers 4y agoCan you elaborate? I fail to see the connection
- akomtu 4y agoGP talks about fakeness of stock market and futility of absorbing wealth. Since it was Easter, I thought it would be appropriate to quote Bible on this matter.
- elcritch 4y agoWell aside from the USA also being a major exporter of valuable goods including manufacturing, foodstuffs, movies and culture, etc.
- itsoktocry 4y agoThe world is free to use any currency they want for trade, always have been. And yet they choose the USD. No one forces them to. Funny, that.
- albatross13 4y agoWrong. Saudi Arabia forces countries to buy oil in USD.