The stock market doing well doesn’t necessarily translate into the people doing well. Yet for years a ruling elite has been more concerned about whether the market was depressed than with whether people were depressed...and with why.

Nov 25, 2020 · 5:13 PM UTC

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Replying to @marwilliamson
The Stock Market is an electronic gauge to see how rich ppl are feeling. ~ some wise dude
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Replying to @marwilliamson
More like "for centuries"
Replying to @marwilliamson
And somehow the media has fooled millions into thinking that if the stock market is doing well, they are also doing well. 2020 has proven that to be completely wrong.
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Replying to @marwilliamson
It seems to mean the opposite now - when the stock market is doing well, more people suffer.
Replying to @marwilliamson
The capital market is not the economy, and the last few years has been evidence of this. Reason why trickle down economics isn't evident.
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Replying to @marwilliamson
It translates into a lot of people’s retirement accounts doing well. It’s one part of the equation, and that’s something.
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Replying to @marwilliamson
It even causes more indirect damage. Like the Boeing Max problem was largely caused by knowledge gaps from early retirements and RIFs to increase shareholder value. But no one was left who knew how to take a plane from plans to the runway or how to get depts to work together.
Replying to @marwilliamson
Reagan "trickle down economics". Let's put everyone's future pension on the craps table called the market. The dumbsh*ts will never know that we will be able to steal all their gains during massive market crashes and government socialism for the rich bailouts.
Replying to @marwilliamson
Have you read this? You might find it quite interesting. economicsfromthetopdown.com/…
Replying to @marwilliamson
That is all that matters to Donald and the few who put him there to sink US. (No I do not mean the Russians.)The greedy rotting US from w/in.
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