• werefreeatlast@lemmy.world
    18·
    16 hours ago

    Maybe this is it?

    Like I bought into my current house mortgage at $500k. Now I’ve seen a few houses down the road finish building… Mid city in Kenmore WA, for 2.4million. Okay great! I can barely afford my place, how can anyone dream of getting into a 2.4 million dollar house if they’re not the CEO of something or another? My neighborhood has a mechanic, a teacher, a juice maker, a nurse. Like that’s the people here and they don’t have 2.4million. Their kid’s kid’s might one day buy a school book for 2.4 million and look at how cheap houses were today. But not us, now.

    So is this it? Does the market caput and the government just pays off all our loans in a big reset moment? Then everyone starts selling their house back to reasonable money like 200k or 300k?

  • lost_screwdriver@thelemmy.clubEnglish
    1·
    1 hour ago

    To be fair: companies should not focus on maximizing their stock value or work for some investors. They should focus on delivering the best product for the best price. For quite some time, especially in the US, the product of the most companis were just their shares. The best one just made the most money for it’s investors. Trump finally fixes that. Also he really does some for the small people: Stocks are not a way to got rich, but a way to stay riwh - if the stock market outperforms the economic growth rich people get even more rich, poor people get more poor! Only rich people have money to spare to invest

    • Aermis@lemmy.world
      2·
      54 minutes ago

      I’m sorry trump fixed what? There is 0 incentive for any company at all to make a better product. There’s no money in making good products. If you can only sell something once you go out of business. Look up that pan company that made some of the best pots and pans but then had to file for bankruptcy. Second of all stocks are the ONLY thing that matters in our current version of capitalism. Making money for the investors is the sole goal for corporations. If the incentive isn’t to make a good product, but to monopolize the market so there’s no one that can make a product better than yours then the end goal is to own the law that will can prevent you from owning everything. Which is where trump comes in, dismantling laws and regulations that hold corporations accountable. Not only is Trump not fixing anything, he’s actively the guy inside politics changing the rules to benifit corporations and stocks. And the fact that he’s failing this hard is comical.

    • gnutrino@programming.devEnglish
      40·
      20 hours ago

      I believe that would be MarketAxess (MKTX) which largely deals in bonds AFAIK. Given that bonds are the traditional safe haven asset when traders see the market shitting the bed, them doing well isn’t necessarily the best sign for overall market health…

  • BigMacHole@lemm.ee
    11·
    22 hours ago

    Stupid COMMIES that’s GOOD!

    -Free Thinking Republicans who Voted for Jenius Bisnissman Trump!

    • ☂️-@lemmy.ml
      4·
      20 hours ago

      it IS good. just not for the US.

      for china and the third world, though…

      • goldenex@lemmy.world
        6·
        21 hours ago

        Sad thing is is not good for the third world now but it will get worse before you it gets better

        • ☂️-@lemmy.ml
          6·
          20 hours ago

          what do you mean? the empire keeping us down is dying.

          our forced dependency on it will make for a rough while, then we are literally free to develop for the first time in maybe a century.

          that is if the us doesnt start nuking everything out of spite.

  • Aux@feddit.ukEnglish
    5·
    22 hours ago

    In the last century 63 years had 10% crashes. This image shows that literally nothing is happening.

      • Aux@feddit.ukEnglish
        3·
        21 hours ago

        Did you know that Google shows you historical stocks and shares data when doing a related search?

        If googling is too hard for you, then you can watch a video here https://youtu.be/3PxqwZcTpc0 It references each and every source.

        • hypnicjerk@lemmy.world
          30·
          21 hours ago

          your video is about the FTSE global all cap index which isn’t very helpful for a conversation about the US economy?

          Did you know that Google shows you historical stocks and shares data when doing a related search?

          yeah, google showed me you were wrong as fuck so i wanted to give you a chance to demonstrate otherwise

            • Doesnotexist@lemmy.worldEnglish
              2·
              10 hours ago

              Every stock market is different.
              China markets have a 90 minute lunch mid day. South Korea prohibits short selling (Thailand now too). Taiwan charges 30 bps for overnight positions.
              The nasdaq will become 24 hours soon .

              There’s no such thing as a general market. They’re very diverse.

                • hypnicjerk@lemmy.world
                  9·
                  18 hours ago

                  clueless

                  there is no such thing as a ‘general stock market’, are you 12? the video is about a specific global index fund and could not be less relevant to an image of american stocks being blood red. aside from covid, the last time we had a drop this bad was the 80s. i was willing to believe you were just dumb or misinformed but you clearly don’t have an ounce of good faith in you.

    • WanderingThoughts@europe.pub
      21·
      19 hours ago

      Yep. It’s giving some flashbacks to 2008 financial crisis. It’ll take some time, maybe years, before everything recovers. And that’s if Trump isn’t doing his best to make it worse.