2 ms·
> It is impossible to predict what the stock market will do. If you think it is predictable, please go ahead and lose all your money trying to do so., Those wi
by bigbadfeline 1y ago
> It is impossible to predict what the stock market will do. If you think it is predictable, please go ahead and lose all your money trying to do so.,
Those with insider information beg to differ. The stock portfolios of most in Congress beat Joe Average's by far, and these are people who only get little hints, no more.
> and since we aren't running an authoritarian state that big brothers our citizens,
However, our citizens are big bordered by private entities, and that results in a government blindsided by them.
> The stock market has a big impact on inflation, since it changes the value of people savings and thus how much they spend.
That's backwards. Fed policies target inflation and the stock market is totally obsessed with them, they drive the market. That is, inflation expectations have a big impact on the stock market via the Fed.
Claiming that inflation isn't predictable is a claim that the Fed mandates are fake and all these meetings, market interventions and rate changes are all for naught.
In fact, the Fed can control inflation... if they really wanted, if there were no conflicts of interest and if there was no political pressure from the government, war funding, etc.