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If the US economy keeps growing then American businesses will do well and the stock market will reflect that. It’s hard to image scenarios where the American ec
by gizmo 2y ago
If the US economy keeps growing then American businesses will do well and the stock market will reflect that. It’s hard to image scenarios where the American economy shrinks while other countries have growing prosperity.
- ok_dad 2y agoMaybe if prices doubled over a few years, housing was out of reach, and salaries were stagnant it would be harder to buy stuff and the economy would suffer. Whoops!
- oezi 2y agoIf the US economy grows 5% and stocks grow more, then there must be a reckoning coming at some point. If it is 5 years or 10, nobody knows.
- consteval 2y ago> It’s hard to image scenarios where the American economy shrinks while other countries have growing prosperity I don't understand this viewpoint - this seems like the obvious end result of the last 50 ish years of tomfoolery. The US doesn't make anything anymore, our economy is purely theoretical. We're lying on a huge scale and scamming, and that's how we have our economy. We gave up entire industries - and almost all of them - to foreign countries. China, Korea, Japan, Bangladesh and on and on. Yes, these companies are "American". In name only. All the capital, all the means of production - which is the actual "economy" here - is being held by not us. We literally just gave up our means of production. What we did then is made up a bunch of fake jobs to justify these companies in the US and to extract money from these developing countries. It's only a matter of time before they wisen up and realize they have all the capital. Granted, not all industries are like this. Just most.