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108 comments
    • Ding ding ding!

      If a company can extract more value out of its workers while paying them less, that means the company is doing good. If this happens across a bunch of companies, that means the economy is doing good. All because they're getting more value from our labor than the crumbs they toss to us.

  • The economy is fantastic for like the 10% of the country who owns 75% of the country's junk

  • Remove the income of the top 1% of Americans from the equation and you'll REALLY see how good the "economy" is.

  • Yeah I mean, gains on Wall Street may be considered "stronger economic news" by some, but it tends to matter for relatively few.

    A strong economy doesn't rely on news stories about Wall St. If I see my money going further, I take it as strong economic news. If I see my wages go up, I take it as strong economic news. If I ever see rents go down, or housing in general become more affordable, or literally anything that affects most common people in a positive way based on some financial change, I'll take it as strong economic news.

    Wall St making more money? Not strong economic news. Just stories that highlight how the rich continue to get richer and how out of touch one small subset of the population is from the rest.

  • By most metrics, the economy is still gloomy long term. It's a prediction over the course of years not months.

    Consider the great depression, the economy was fucked months before the stock market crashed, but if you only looked at the stock market to determine that, you would think everything was fine up until it was too late.

    I recommend watching wealthion and anyone they interview on their channel.

108 comments