4 ms·
I think they meant the stock market more generally? S&P 500 is up what, like 4x in the last 10 years?
by dmoy 5mo ago
I think they meant the stock market more generally? S&P 500 is up what, like 4x in the last 10 years?
- Muromec 5mo agoIf I would drink 4x more beer that would concerning, but the number going up 4x should make things better how exactly?
- ludwik 5mo agoThis was said in the context of a person predicting a stock market bust, so of course a stock market index price is the relevant number here.
- Muromec 5mo agoYeah, fair. I still can't shake off the nagging feeling most of it being a scam somehow and not the business as usual scam. The gut feeling that things proclaimed and observed don't add up.
- tardedmeme 5mo agoThat's just inflation, which is primarily controlled by the government via the money supply. It doesn't mean anything. What does mean something is the severe deflation in wages and consumer goods - why is all the money printing remaining in the rich person's realm instead of trickling down?
- Muromec 5mo agoPeasants aren't picking up enough shit after the rich to distill traces of gold from it, that's why
- dmoy 5mo agoInflation is not up 4x in the last 10 years...
- tardedmeme 5mo agoDepends what you measure. I already said it hasn't been affecting wages or consumer goods and that's weird.
- dmoy 5mo agoVery, very few things even in isolation have inflated 4x in the last 10 years. But as for this > why is all the money printing remaining in the rich person's realm instead of trickling down? Always has been, it's kinda one of the defining features of capitalism
- tardedmeme 5mo ago> Very, very few things even in isolation have inflated 4x in the last 10 years. The assets in the S&P 500 have, that's what was brought up.
- dmoy 5mo agoRight, but that's a separate thing from inflation, so I don't think you can describe it as "that's just inflation".
- tardedmeme 5mo agoPrices going higher is the definition of inflation.
- dmoy 5mo agoPrices of stocks going higher is not the definition of inflation, no.