Bottom post of the previous page:
"Bloated cadaver"Drynwyn wrote:Nothing about a market economy requires a bloated cadaver of a "financial industry" dangling off of it and occasionally releasing a plume of foul-smelling corpse gas that tanks everything else despite the same amount of goods and services actually being produced.cedarbridge wrote:Commies go homeDrynwyn wrote:solution: restructure the economy so it doesn't require wall street (surprise: this is actually quite easy), then glass the financial districtXSI wrote:And because a lot of people are selling, everyone else sells too. Or if a lot are buying, everyone else wants to buy too. This turns any sort of big transaction into a self-fulfilling prophecy as long as it's backed by someone rich enoughcedarbridge wrote:If we're talking specifically about market prices and the surging DOW, that's easily attributable to the sitting President because market prices ebb and surge with the news cycles. Investor confidence is worth way more on the stock market than any portfolio or shareholder statement. Stock purchases and sells are almost always several years ahead rather than several years behind. Brokers are not waiting around to see a drop before they sell and they aren't waiting around to see a surge happen before they buy. If you're waiting to see the raise or fall you're late and you're losing money.
Funny how that works
(Now, personally, I support far-left, labor-favoring viewpoints, but saying that the statements "the financial industry is a parasitic leech on the economy" and "workers should own the means of production" are the same is disingenuous.)
"Dangling"
"foul-smelling corpse gas"
"parasitic leech"
You understand this convinces literally only people who agree with your viewpoint and advances no other argument right?