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Republicans have been in charge for several market crashes. Hoover, reagan, W and I suspect trump before he leaves office. What's holding up the stock markets house of cards is beyond me?
Republicans have been in charge for several market crashes. Hoover, reagan, W and I suspect trump before he leaves office. What's holding up the stock markets house of cards is beyond me?
THe stock market has nothing to do with the health of our economy anymore. It’s just rich people betting on the country’s misery and mostly winning.
What's holding up the stock markets house of cards is beyond me?
People are investing instead of spending.
People are investing instead of spending.
Not hardly. Do you really believe the average investor has enough money in the stock market to move the markets at all? It's institutional traders who move the markets by trading hundreds of thousands of shares at a time, not ten shares here and there.
If you are 'investing' in the stock markets I suggest you have at least a twenty year goal in mind. Also most people who invest in the stock markets make over a hundred grand a year which excludes most folks.
Something the right refuses to recognize. They are concerned with their little bits they have in their 401's and ignore the fact that ninety percent of the stocks are owned by ten percent of the people. The markets are not the economy but try telling that to the right.
THe stock market has nothing to do with the health of our economy anymore. It’s just rich people betting on the country’s misery and mostly winning.
Not necessarily, bongsaway. Technically if you are making less than 100k either gross or take-home and you either do an IRA or 401k, you are almost certainly invested in the stock market. Unless of course you are one of those folks who does a "self-directed IRA" and uses it to buy gold, commodities and land. Even state pensions like the California Public Employees Retirement System is invested in the stock market.
Most of “the right” making this argument are dudes who think working 70 hours a week for their 2 door garage underwater mortgage payments will one day have a seat at the fancy table.
They’re never gonna have a seat at the fancy table.
Most of “the right” making this argument are dudes who think working 70 hours a week for their 2 door garage underwater mortgage payments will one day have a seat at the fancy table.
They’re never gonna have a seat at the fancy table.
Not hardly. Do you really believe the average investor has enough money in the stock market to move the markets at all? It's institutional traders who move the markets by trading hundreds of thousands of shares at a time, not ten shares here and there.
If you are 'investing' in the stock markets I suggest you have at least a twenty year goal in mind. Also most people who invest in the stock markets make over a hundred grand a year which excludes most folks.
As long as they think they will, they will continue to support the gop.
Republicans have been in charge for several market crashes. Hoover, reagan, W and I suspect trump before he leaves office. What's holding up the stock markets house of cards is beyond me?
THe stock market has nothing to do with the health of our economy anymore. It’s just rich people betting on the country’s misery and mostly winning.
Well, you would need to define the "fancy table."
If you are making a middling income (less than 100k for your household) where you are able to meet your basic living expenses, still have enough left over to save for emergencies and invest in a home and either in an IRA (or your employer's-offered 401(k), 403(b) or 457) then there is little reason why you cannot grow rich. Most millionaires in the United States are not inheritors of wealth or even high-income earners. They just tend to be frugal, careful savers and investors who rein in their spending.
From all the available knowledge about the wealthy in the United States, the vast majority of first-generation millionaires in our country are not particularly "fancy." They just wanted the financial security that comes with wealth for themselves and their families, without the ostentatiousness or glamour.
Of the total wealth of the population, Kessler and Masson estimated that 35 percent originated from inheritances or gifts. Among those who had reported receiving an intergenerational transfer (who were about two and a half times richer than the average household), the corresponding proportion was 40 percent.
People are investing instead of spending.
Exactly.
The market is the super rich, university endowments, 401k funds etc... The universities aren't touching endowments, people generally aren't taking out retirement funds and the rich don't have jobs or at least normal income is just a small sliver of the money they make.
The only way the market goes down is if people sell. But money has to go somewhere. For the vast majority of the money in the stock market, if it's pulled out the market it has to go right back in somewhere else. People aren't taking money out of the market to buy food. The people who need money to buy food don't have money in the market.
If you are making less than a hundred grand, say fifty grand a year and have a wife a house and two kids. How much do you think the average person can afford to invest each year and then multiply that by thirty. My guess, it doesn't come close to a million dollars.
Actually, not close.Exactly.
Some of this is good. The super rich and endowments tend to be in more conservative investments, eg bonds and real estate. However, 401(k) is a major player in the markets. That money is mostly middle class retirement savings.The market is the super rich, university endowments, 401k funds etc.
Here you drift. institutional investors can and do switch from stocks to bonds. There is much more money in bonds at any given time, much of it in government bonds.The universities aren't touching endowments, people generally aren't taking out retirement funds and the rich don't have jobs or at least normal income is just a small sliver of the money they make.
There is place to go, quickly and easily.The only way the market goes down is if people sell. But money has to go somewhere.
This is simply wrong. Most mutual fund must stay in stocks, but other institutional money moves across the street to the bond market.For the vast majority of the money in the stock market, if it's pulled out the market it has to go right back in somewhere else.
They take it out to pay major expenses or for large ticket purchases. A great deal of money moves from the markets to real estate.People aren't taking money out of the market to buy food. The people who need money to buy food don't have money in the market.
Biden a Kick-Down Trump a Great Depression:
If Biden wins the House and Senate.
Otherwise, the tax cut doesn't expire until 2025.
Republicans owned the oval office for 1929.
Reagan started this deficit spending.
GWB proved it.
So, go ahead America, make my day, make Putin's, make the World's.
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