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TallestSkil on scored.co
1 year ago6 points(+0/-0/+6Score on mirror)1 child
Ah, okay. Thanks for clarifying. So you mean future “collapse” and “recession” only in the sense of “These events are finally registering on our manipulated mathematical models of the upper one percent of the economy” while being irrespective of their ongoing existence among actual human beings.
1 year ago4 points(+0/-0/+4Score on mirror)2 children
That’s how it seems. Sure the boomers 401Ks are a record size, and if you have a house, it’s “worth” more than ever. But it seems like most people are shorter in cash, businesses are flat. A record amount of the stock market is derivatives, whose values dwarf real productivity and tangible assets. I guess another way to put it is, no matter what direction the stock market goes, it’s a one way ratchet for the rest of us.
1 year ago7 points(+0/-0/+7Score on mirror)1 child
>401Ks are a record size, and if you have a house, it’s “worth” more than ever. But it seems like most people are shorter in cash, businesses are flat.
It’s almost as if printing infinity currency and claiming you’re rich because “number go up” isn’t a valid economic system. [Who’d have thought?](http://numismaclub.com/imgs/a/g/c/c/e/zimbabwe_100_trillion_dollar_bill_2008_historical_high_inflation_banknote_2_lgw.jpg)
It’s almost as if printing infinity currency and claiming you’re rich because “number go up” isn’t a valid economic system. [Who’d have thought?](http://numismaclub.com/imgs/a/g/c/c/e/zimbabwe_100_trillion_dollar_bill_2008_historical_high_inflation_banknote_2_lgw.jpg)