Anonymous wrote:Yeah, I'm not sure but my thoughts are...lots of corporations are still making money, lots of money. Raising prices and cutting expenses/jobs. Stock prices go up. Millions of people autoinvest into stock funds in 401(k)s, IRAs, brokerage accounts, etc. Financial planners say...don't pull out, ride it out. Think long term. So although many families are struggling, stock market is doing well. Like previous poster said, there are still wealthy people spending plenty of money as well.
The wealthy people spending is a function OF the stock market management and ALWAYS being bailed out every time there is an event that should wipe out wealth. They always survive and the MC gets f^cked because our taxes and future generation taxes fund that bailout. And then we cant actually use taxes for things that benefit the whole country. You know, what our taxes are actually supposed to be used for. Nope..business and corporations can take all the risk they want and we pay for the risk when it fails (because GOD FORBID THEY FAIL) but they get all the money - regardless of whether they fail or fly. And eventually they do fail but never using their own capital from their successes.