4 ms·

ZIRP was great for my portfolio as well, we should do that again!

by rozap 2y ago

anon291 2y ago
I'm sure someone will decide, but America's markets doing well is good for everyone. Not sure why this is controversial.
- rozap 2y ago
  Hell yea brother, as long as the line goes up, everything is good.
- yndoendo 2y ago
  Spending money at a restaurant that is on the stock market helps those with stock. Spending money at a local restaurant helps the local community. Restaurants on the stock exchange actually symphony out money from the local economy. The stock market is not an overall indication of a good local economy. I go local and try not to buy products and services from organizations on the stock market, when I can.
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- Terr_ 2y ago
  > America's markets doing well is good for everyone. Not sure why this is controversial. Tossing off that second sentence so casually is what makes me concerned I've fallen for satire. "After the news, the markets rallied by 10%, led by Confederated Slaveholdings, Missiles & Munitions, Plague Insurance, and Broken Window Fallacy Repair. This rise was only slightly tamped-down by sharp losses like Affordable Health Centers and the Lead Substitutes Laboratory. As all of our viewers are aware, high market numbers are good news for everyone--yes, even that homeless guy under the overpass--and I simply can't imagine how anyone could object to such a simple universal truth." __________ P.S.: Or, for those who need things spelled-out, some of the independent problems with that claim are: 1. Average stock price goes up does not mean every stock price goes up. 2. A stock price going up is only good for some people. 3. Investing more into a company that repairs/treats a problem doesn't mean suffering is going down. 4. Some activity is actually making harm on other people, especially if there's an imperfect justice system or externalities. 5. Marginal good is not holistic good. Serfs getting more food-scraps from the king's feasting is obviously better than fewer food scraps, but perhaps there's something even better than expanding the kingdom.
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ZIRP was great for my portfolio as well, we should do that again!

by rozap 2y ago

ZIRP was great for my portfolio as well, we should do that again!

I'm sure someone will decide, but America's markets doing well is good for everyone. Not sure why this is controversial.

rozap 2y ago
Hell yea brother, as long as the line goes up, everything is good.
yndoendo 2y ago
Spending money at a restaurant that is on the stock market helps those with stock. Spending money at a local restaurant helps the local community. Restaurants on the stock exchange actually symphony out money from the local economy. The stock market is not an overall indication of a good local economy. I go local and try not to buy products and services from organizations on the stock market, when I can.
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Terr_ 2y ago
> America's markets doing well is good for everyone. Not sure why this is controversial. Tossing off that second sentence so casually is what makes me concerned I've fallen for satire. "After the news, the markets rallied by 10%, led by Confederated Slaveholdings, Missiles & Munitions, Plague Insurance, and Broken Window Fallacy Repair. This rise was only slightly tamped-down by sharp losses like Affordable Health Centers and the Lead Substitutes Laboratory. As all of our viewers are aware, high market numbers are good news for everyone--yes, even that homeless guy under the overpass--and I simply can't imagine how anyone could object to such a simple universal truth." __________ P.S.: Or, for those who need things spelled-out, some of the independent problems with that claim are: 1. Average stock price goes up does not mean every stock price goes up. 2. A stock price going up is only good for some people. 3. Investing more into a company that repairs/treats a problem doesn't mean suffering is going down. 4. Some activity is actually making harm on other people, especially if there's an imperfect justice system or externalities. 5. Marginal good is not holistic good. Serfs getting more food-scraps from the king's feasting is obviously better than fewer food scraps, but perhaps there's something even better than expanding the kingdom.
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