politics
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
view the rest of the comments
The stock market is not the economy. Just because stocks have had a soft landing doesn't mean that that's translated to people's lives experiences.
A company making higher profit has a higher stock price.
A company that can pay its workers less for what they produce will have higher profits.
Therefore the stock market is a measure of how effectively workers are being exploited.
Not true. It's also a measure of how effectively customers are being gouged.
Both can be true...
Hence the "also".
"that's not true but it's also true"
It's not true that it's just exploitation of workers. It's also price gouging.
The markets are reacting to what they think means the economy is making a soft landing. The fed was battling inflation, which usually means they press on the lever too hard and we have end up in a recession with high unemployment.
But we haven't entered into a recession, employment is still very high and wages are currently out pacing inflation.
We still have catching up to do due to how much people fell behind during the period of high inflation, but this landing is way better than any other we've seen and certainly better for most people who may have otherwise been just unemployed rather than just struggling to stretch their current income.
What did you think a soft landing meant?
For the markets daily volume 90% is traded off market without affecting the price due to pfof and bs exemptions from market makers that allows them to very effectively naked short stock for "liquidity". Couple that up with nearly every big firm using the Aladin algorithm and you can make the market do what ever you want granted a story is going which supports your narrative. I'll believe we had a soft landing when equity swap data reporting is not getting continuously delayed hiding true market positions. Also don't forget we have a plunge protection team who's job is to short or buy stocks with taxpayer dollars to pretend the market is stable. Also don't forget this started before covid.
Do you work in finance?
But what does this have to do with the rest of what I said? You seem to be arguing that the market is a reflection of the economy, just some secret market that no one knows about.
I'm explaining that the market you base your health of an economy on is manipulated to all hell. Has abandoned most of the principles that made it a reflection of the economy and is still being paraded as if it's some useful metric. Aladin and most other market algos are trained on prior patterns and predict their reappearance, have enough firms using that system and its able to predict its own moves. I.e the reason they can predict some semblance of the market is because most of your market works on the same trading signals and data points. Allowing it to react to its own interpretation of the market that was created by its own signals. Allow market makers exemptions to short selling for liquidity purposes and the ability to print to the tape the trades that are favorable to them, and you can swing a market any which way you want.
No I'm pointing out that the metric in which we base our economies health is pretty much a show built on confirmation bias from using systems that predict and reinforce biased data points.
No one here is basing the health of the economy on the market. This has never been true, even pre automated trading. However, sometimes the markets do react to good news in the general economy, as they are not completely decoupled, and this is what I'm talking about.
I'll try again, do you work in finance?