Congratulations to the Dow hitting 40,0000
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Lol keep bumping this thread
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In all fairness, that came on the heels of Trump dumping stimulus on America too but somehow that eluded your analysis.
You may not like it, but throughout Biden's term economists have been bracing for a recession that has never happened. Why is that? You should be kissing that man's hairy beanbag for guiding the economy through tough times.
And again, I guarantee you all are doing better than you were four years ago….4 dollar increase in Waste Management bill not withstanding
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So Trump made Joe sign the $2 trillion stimulus? Does he have no agency?
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And again, I guarantee you all are doing better than you were four years ago
This is why you rats are worthless to have a conversation with. You just ignore reality. No one is better off than 4 years ago when it comes to the economy, with the exception of the top 5%.
You just ignore the cost of living and the cash that has just disappeared from millions of families wallets. They will never get that back. Ever.
Polling data shows almost 70% believe they are not doing well in the current economy. Credit card debt is way way up. Consumer confidence way down. Part time jobs way up.
Typical rat. Ignore the misery your politics are creating, because, well, because of your politics.
Go ahead and kiss bidens hairy ball sack, you seem to be kneeling in front of him already.
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Ahem.
Maybe YOU didnt better yourself in the past 4 years Bend, but I find that easy to believe given your lack of mastery of finance you've demonstrated on these boards.
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I went back and looked at the first page of that thread. You really are a child if you think telling me (or @Bob_C) to short a stock is any sort of binding wager with you.
For the record, I said I would buy half of Bob’s action. That transaction never commenced because Bob isn’t a fool to listen to your stock trading opinions. And if it did, I can assure you there would be very clear terms and a written agreement. Not because I don’t trust Bob, that’s what adults do.Clown show continues.
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Jeezus, read the articles you post you nitwit. As I said, those that had assets/the wealthy, did well. The uber wealthy are responsible for over something like 35%+ of all net gains. The middle class are underwater. The poor worse off than they have been in decades. Those with no home and cash to invest? Screwed. Those that live pay check to paycheck? Screwed x 3. If you owned a home, odds are the asset appreciated. If you didn't own a home but wanted to, you were shit out of luck as the market priced you out, and oh, your rent went up 20% to add insult to injury.
Again, now listen closely so you can learn something. The overwhelming majority of people cannot afford the inflation and cost of living increases that the country has experienced. Even those who are asset/house rich but cash poor (90% of the people in CA, NY, OR and WA) can't afford what the rats have done to the consumables market. Sure their house appreciated and what little they have in the stock market did great but you aren't going to sell those assets now so you can eat. You have to live on month to month income and that has been a problem for the majority of people. When consumables are going up 7-20%, the majority have zero free cash to invest.
Despite Black families experiencing the largest growth in median net wealth — a 60% bump from 2019 — their 2022 levels remained the lowest among all other racial or ethnic groups, and they also saw incomes falter.
The 37% rise in net worth, which was more than double the next-largest upswing on record, was largely fueled by asset growth — specifically home values and stock market gains that far exceeded consumer price inflation, Fed researchers said.
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Black families have been brainwashed by Foxnews to think they aren't doing so hot.
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“Rich people got richer”
the end
There are only about a half dozen points in the history of our country where you couldn’t say that.Taking a victory lap because a historic buying opportunity in 2020 led to a bunch of billionaires making a shit ton of money over a 3 year stretch means nothing compared to the overall economic health of the country, which has, is, and always will be rooted in the working/middle class.
One has to be a child not to understand this.
