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On January 27 2021 21:21 Zambrah wrote:Show nested quote +On January 27 2021 20:29 Gorsameth wrote:On January 27 2021 19:53 Zambrah wrote:
What are the odds this thing where Reddit fucks with the stock market and wrecks a hedge fund has any impact on the farce that is the American belief that the stock market is the economy? Can America afford to admit its a farce? Or are its roots so deep that it would bring the economy crashing down and make the great depression look like a fun picnic? Would it even do anything positive? most Politicians don't want to help the lower and middle or they could do so any time they wanted. Exposing the lie of the stock market won't change that, they would simply find something else to cover for their inaction. Let me fix that for you.  I mostly hope it has an effect on the populace's perception, but I don't think this will see enough MSM play to really spread that far. I'm just kind of tired of the state of things economically. Situations like this make me wonder what it takes to see America actually take a shift towards giving a proper shit about its underclass.
Unless we get a 'Great Depression v2.0', I doubt we will see any significant short term shifts. We might be a bit luckier in the longer-term, as the millennial generation gets more positions of power.
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On January 27 2021 23:19 EnDeR_ wrote:Show nested quote +On January 27 2021 21:21 Zambrah wrote:On January 27 2021 20:29 Gorsameth wrote:On January 27 2021 19:53 Zambrah wrote:
What are the odds this thing where Reddit fucks with the stock market and wrecks a hedge fund has any impact on the farce that is the American belief that the stock market is the economy? Can America afford to admit its a farce? Or are its roots so deep that it would bring the economy crashing down and make the great depression look like a fun picnic? Would it even do anything positive? most Politicians don't want to help the lower and middle or they could do so any time they wanted. Exposing the lie of the stock market won't change that, they would simply find something else to cover for their inaction. Let me fix that for you. I mostly hope it has an effect on the populace's perception, but I don't think this will see enough MSM play to really spread that far. I'm just kind of tired of the state of things economically. Situations like this make me wonder what it takes to see America actually take a shift towards giving a proper shit about its underclass. Unless we get a 'Great Depression v2.0', I doubt we will see any significant short term shifts. We might be a bit luckier in the longer-term, as the millennial generation gets more positions of power.
The situation we have right now isn't really that far off of the Great Depression, I mean wealth inequality levels are akin to French Revolution levels. That alongside a deadly pandemic raging, this is easily a Great Depression-level situation, I just think the shape of US Gov't is a lot different than its been in the past (pre-Reagan at least.)
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United Kingdom13775 Posts
On January 27 2021 19:53 Zambrah wrote:
What are the odds this thing where Reddit fucks with the stock market and wrecks a hedge fund has any impact on the farce that is the American belief that the stock market is the economy?
When we're looking at the 2020-21 bubble in hindsight, this will definitely be one of the stories that people who lived in the time and paid attention will tell. Bubble breakage happens on a long enough timescale that this would be a blip in the grand scheme of things, but it'll be "one of those moments" that signaled the end. To be honest we had two years of those kinds of moments in 2008 and one year in 2021, so it's just going to look painfully obvious in hindsight that all the bad things were coming.
We've been trying to bury a bad economy for 13 years and we might have finally reached the end of that being possible. It's just a matter of when the stock market catches up to the fact.
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On January 27 2021 23:23 Zambrah wrote:Show nested quote +On January 27 2021 23:19 EnDeR_ wrote:On January 27 2021 21:21 Zambrah wrote:On January 27 2021 20:29 Gorsameth wrote:On January 27 2021 19:53 Zambrah wrote:
What are the odds this thing where Reddit fucks with the stock market and wrecks a hedge fund has any impact on the farce that is the American belief that the stock market is the economy? Can America afford to admit its a farce? Or are its roots so deep that it would bring the economy crashing down and make the great depression look like a fun picnic? Would it even do anything positive? most Politicians don't want to help the lower and middle or they could do so any time they wanted. Exposing the lie of the stock market won't change that, they would simply find something else to cover for their inaction. Let me fix that for you. I mostly hope it has an effect on the populace's perception, but I don't think this will see enough MSM play to really spread that far. I'm just kind of tired of the state of things economically. Situations like this make me wonder what it takes to see America actually take a shift towards giving a proper shit about its underclass. Unless we get a 'Great Depression v2.0', I doubt we will see any significant short term shifts. We might be a bit luckier in the longer-term, as the millennial generation gets more positions of power. The situation we have right now isn't really that far off of the Great Depression, I mean wealth inequality levels are akin to French Revolution levels. That alongside a deadly pandemic raging, this is easily a Great Depression-level situation, I just think the shape of US Gov't is a lot different than its been in the past (pre-Reagan at least.)
A lot of people would argue that the economy has never been better, which is a reason, in my opinion anyway, why a lot of people that are not in the 'basket of deplorables' are still supportive of Trump. Effecting that kind of change when a sizable portion of the population thinks things are fine and dandy is not feasible.
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United Kingdom13775 Posts
On January 27 2021 23:33 EnDeR_ wrote:Show nested quote +On January 27 2021 23:23 Zambrah wrote:On January 27 2021 23:19 EnDeR_ wrote:On January 27 2021 21:21 Zambrah wrote:On January 27 2021 20:29 Gorsameth wrote:On January 27 2021 19:53 Zambrah wrote:
What are the odds this thing where Reddit fucks with the stock market and wrecks a hedge fund has any impact on the farce that is the American belief that the stock market is the economy? Can America afford to admit its a farce? Or are its roots so deep that it would bring the economy crashing down and make the great depression look like a fun picnic? Would it even do anything positive? most Politicians don't want to help the lower and middle or they could do so any time they wanted. Exposing the lie of the stock market won't change that, they would simply find something else to cover for their inaction. Let me fix that for you. I mostly hope it has an effect on the populace's perception, but I don't think this will see enough MSM play to really spread that far. I'm just kind of tired of the state of things economically. Situations like this make me wonder what it takes to see America actually take a shift towards giving a proper shit about its underclass. Unless we get a 'Great Depression v2.0', I doubt we will see any significant short term shifts. We might be a bit luckier in the longer-term, as the millennial generation gets more positions of power. The situation we have right now isn't really that far off of the Great Depression, I mean wealth inequality levels are akin to French Revolution levels. That alongside a deadly pandemic raging, this is easily a Great Depression-level situation, I just think the shape of US Gov't is a lot different than its been in the past (pre-Reagan at least.) A lot of people would argue that the economy has never been better, which is a reason, in my opinion anyway, why a lot of people that are not in the 'basket of deplorables' are still supportive of Trump. Effecting that kind of change when a sizable portion of the population thinks things are fine and dandy is not feasible.
People would certainly argue that, but they'd be wrong. Both Obama and Trump, in pursuit of "doing things right this time to avoid Great Depression 2.0", blew a gigantic asset bubble backed by an unprecedented mix of bad debt and endless money printing. The "real economy" has been anemic for a long time now (hence a decade of QE), although admittedly if you own a good portion of stocks and/or real estate you wouldn't have been complaining.
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On January 27 2021 23:33 EnDeR_ wrote:Show nested quote +On January 27 2021 23:23 Zambrah wrote:On January 27 2021 23:19 EnDeR_ wrote:On January 27 2021 21:21 Zambrah wrote:On January 27 2021 20:29 Gorsameth wrote:On January 27 2021 19:53 Zambrah wrote:
What are the odds this thing where Reddit fucks with the stock market and wrecks a hedge fund has any impact on the farce that is the American belief that the stock market is the economy? Can America afford to admit its a farce? Or are its roots so deep that it would bring the economy crashing down and make the great depression look like a fun picnic? Would it even do anything positive? most Politicians don't want to help the lower and middle or they could do so any time they wanted. Exposing the lie of the stock market won't change that, they would simply find something else to cover for their inaction. Let me fix that for you. I mostly hope it has an effect on the populace's perception, but I don't think this will see enough MSM play to really spread that far. I'm just kind of tired of the state of things economically. Situations like this make me wonder what it takes to see America actually take a shift towards giving a proper shit about its underclass. Unless we get a 'Great Depression v2.0', I doubt we will see any significant short term shifts. We might be a bit luckier in the longer-term, as the millennial generation gets more positions of power. The situation we have right now isn't really that far off of the Great Depression, I mean wealth inequality levels are akin to French Revolution levels. That alongside a deadly pandemic raging, this is easily a Great Depression-level situation, I just think the shape of US Gov't is a lot different than its been in the past (pre-Reagan at least.) A lot of people would argue that the economy has never been better, which is a reason, in my opinion anyway, why a lot of people that are not in the 'basket of deplorables' are still supportive of Trump. Effecting that kind of change when a sizable portion of the population thinks things are fine and dandy is not feasible.
Who is arguing that the economy that isnt the stock market has never been better? Theres massive wealth inequality in the US, during the pandemic alone billionaires have made absurd amounts of money as people lost their jobs, had to take on debt to survive, are under threat of eviction, etc.
To say the US economy is doing great would require basically blinding yourself to the grim realities of the economy that impacts actual human beings in favor of looking at the stock market alone. The stock market is not an accurate reflection of how Americans are doing economically, theres a reason when we talk about the non-stock market economy we start using terms like, "real economy," implying the stock market isn't the actual economy.
I'm also of the opinion that the awful state of the US economy for the working class is a large part of why we see people so ready and willing to tell the US Government to fuck off with Trumps and Trump-insurrections, etc. We're nearing that point of economic turmoil that really starts to piss off the population.
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On January 27 2021 23:30 LegalLord wrote:Show nested quote +On January 27 2021 19:53 Zambrah wrote:
What are the odds this thing where Reddit fucks with the stock market and wrecks a hedge fund has any impact on the farce that is the American belief that the stock market is the economy? When we're looking at the 2020-21 bubble in hindsight, this will definitely be one of the stories that people who lived in the time and paid attention will tell. Bubble breakage happens on a long enough timescale that this would be a blip in the grand scheme of things, but it'll be "one of those moments" that signaled the end. To be honest we had two years of those kinds of moments in 2008 and one year in 2021, so it's just going to look painfully obvious in hindsight that all the bad things were coming. We've been trying to bury a bad economy for 13 years and we might have finally reached the end of that being possible. It's just a matter of when the stock market catches up to the fact.
High speed trading was one of the factor of the 2006 crisis. Reddit is just doing that slower so who fucking cares ? HST is still legal in the US so why would you focus on some fringe actors and not the main ones ?
Also called high frequency trading.
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Does anyone argue that the stock market IS the economy? Other metrics like unemployment, growth, inflation, GDP, trade balance etc. are used just as much, if not more.
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United States42832 Posts
On January 27 2021 23:56 Slydie wrote:
Does anyone argue that the stock market IS the economy? Other metrics like unemployment, growth, inflation, GDP, trade balance etc. are used just as much, if not more.
Trump and most of his supporters used to.
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Trump boasting about all the records made by the stock market during his presidency shows how little he understands it.
"Think about your stocks my dear blue collars friends!"
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United Kingdom13775 Posts
On January 27 2021 23:55 Erasme wrote:Show nested quote +On January 27 2021 23:30 LegalLord wrote:On January 27 2021 19:53 Zambrah wrote:
What are the odds this thing where Reddit fucks with the stock market and wrecks a hedge fund has any impact on the farce that is the American belief that the stock market is the economy? When we're looking at the 2020-21 bubble in hindsight, this will definitely be one of the stories that people who lived in the time and paid attention will tell. Bubble breakage happens on a long enough timescale that this would be a blip in the grand scheme of things, but it'll be "one of those moments" that signaled the end. To be honest we had two years of those kinds of moments in 2008 and one year in 2021, so it's just going to look painfully obvious in hindsight that all the bad things were coming. We've been trying to bury a bad economy for 13 years and we might have finally reached the end of that being possible. It's just a matter of when the stock market catches up to the fact. High speed trading was one of the factor of the 2006 crisis. Reddit is just doing that slower so who fucking cares ? HST is still legal in the US so why would you focus on some fringe actors and not the main ones ? Also called high frequency trading.
In the grand scheme of things, the Gamestop situation is small fry - unlikely to touch any more than a few billion dollars of money throughout the lifetime of this squeeze. Pennies compared to the trillions of money-pump the government has been doing. But you have to admit, the optics of it look exactly like mania, the kind that make people think it's time to panic.
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On January 28 2021 00:01 Erasme wrote:
Trump boasting about all the records made by the stock market during his presidency shows how little he understands it.
"Think about your stocks my dear blue collars friends!"
A big part of the problem is that, on balance, relatively few people understand the market, which is why it's such a useful political object.
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On January 28 2021 00:01 LegalLord wrote:Show nested quote +On January 27 2021 23:55 Erasme wrote:On January 27 2021 23:30 LegalLord wrote:On January 27 2021 19:53 Zambrah wrote:
What are the odds this thing where Reddit fucks with the stock market and wrecks a hedge fund has any impact on the farce that is the American belief that the stock market is the economy? When we're looking at the 2020-21 bubble in hindsight, this will definitely be one of the stories that people who lived in the time and paid attention will tell. Bubble breakage happens on a long enough timescale that this would be a blip in the grand scheme of things, but it'll be "one of those moments" that signaled the end. To be honest we had two years of those kinds of moments in 2008 and one year in 2021, so it's just going to look painfully obvious in hindsight that all the bad things were coming. We've been trying to bury a bad economy for 13 years and we might have finally reached the end of that being possible. It's just a matter of when the stock market catches up to the fact. High speed trading was one of the factor of the 2006 crisis. Reddit is just doing that slower so who fucking cares ? HST is still legal in the US so why would you focus on some fringe actors and not the main ones ? Also called high frequency trading. In the grand scheme of things, the Gamestop situation is small fry - unlikely to touch any more than a few billion dollars of money throughout the lifetime of this squeeze. Pennies compared to the trillions of money-pump the government has been doing. But you have to admit, the optics of it look exactly like mania, the kind that make people think it's time to panic.
I was talking about the big trading compagnies who will buy/sell in microseconds. The average reddit user cannot come close to that speed, and so the votality is lessened.
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i really have not been this upset in a while. i dont know why i put (where i am upset or not) on the backs of senate republicans, but fuckin a man. they are really goin to plead process. such a fucking shame. so disgusting.
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On January 27 2021 23:42 Zambrah wrote:Show nested quote +On January 27 2021 23:33 EnDeR_ wrote:On January 27 2021 23:23 Zambrah wrote:On January 27 2021 23:19 EnDeR_ wrote:On January 27 2021 21:21 Zambrah wrote:On January 27 2021 20:29 Gorsameth wrote:On January 27 2021 19:53 Zambrah wrote:
What are the odds this thing where Reddit fucks with the stock market and wrecks a hedge fund has any impact on the farce that is the American belief that the stock market is the economy? Can America afford to admit its a farce? Or are its roots so deep that it would bring the economy crashing down and make the great depression look like a fun picnic? Would it even do anything positive? most Politicians don't want to help the lower and middle or they could do so any time they wanted. Exposing the lie of the stock market won't change that, they would simply find something else to cover for their inaction. Let me fix that for you. I mostly hope it has an effect on the populace's perception, but I don't think this will see enough MSM play to really spread that far. I'm just kind of tired of the state of things economically. Situations like this make me wonder what it takes to see America actually take a shift towards giving a proper shit about its underclass. Unless we get a 'Great Depression v2.0', I doubt we will see any significant short term shifts. We might be a bit luckier in the longer-term, as the millennial generation gets more positions of power. The situation we have right now isn't really that far off of the Great Depression, I mean wealth inequality levels are akin to French Revolution levels. That alongside a deadly pandemic raging, this is easily a Great Depression-level situation, I just think the shape of US Gov't is a lot different than its been in the past (pre-Reagan at least.) A lot of people would argue that the economy has never been better, which is a reason, in my opinion anyway, why a lot of people that are not in the 'basket of deplorables' are still supportive of Trump. Effecting that kind of change when a sizable portion of the population thinks things are fine and dandy is not feasible. Who is arguing that the economy that isnt the stock market has never been better? Theres massive wealth inequality in the US, during the pandemic alone billionaires have made absurd amounts of money as people lost their jobs, had to take on debt to survive, are under threat of eviction, etc. To say the US economy is doing great would require basically blinding yourself to the grim realities of the economy that impacts actual human beings in favor of looking at the stock market alone. The stock market is not an accurate reflection of how Americans are doing economically, theres a reason when we talk about the non-stock market economy we start using terms like, "real economy," implying the stock market isn't the actual economy. I'm also of the opinion that the awful state of the US economy for the working class is a large part of why we see people so ready and willing to tell the US Government to fuck off with Trumps and Trump-insurrections, etc. We're nearing that point of economic turmoil that really starts to piss off the population.
On January 27 2021 23:39 LegalLord wrote:Show nested quote +On January 27 2021 23:33 EnDeR_ wrote:On January 27 2021 23:23 Zambrah wrote:On January 27 2021 23:19 EnDeR_ wrote:On January 27 2021 21:21 Zambrah wrote:On January 27 2021 20:29 Gorsameth wrote:On January 27 2021 19:53 Zambrah wrote:
What are the odds this thing where Reddit fucks with the stock market and wrecks a hedge fund has any impact on the farce that is the American belief that the stock market is the economy? Can America afford to admit its a farce? Or are its roots so deep that it would bring the economy crashing down and make the great depression look like a fun picnic? Would it even do anything positive? most Politicians don't want to help the lower and middle or they could do so any time they wanted. Exposing the lie of the stock market won't change that, they would simply find something else to cover for their inaction. Let me fix that for you. I mostly hope it has an effect on the populace's perception, but I don't think this will see enough MSM play to really spread that far. I'm just kind of tired of the state of things economically. Situations like this make me wonder what it takes to see America actually take a shift towards giving a proper shit about its underclass. Unless we get a 'Great Depression v2.0', I doubt we will see any significant short term shifts. We might be a bit luckier in the longer-term, as the millennial generation gets more positions of power. The situation we have right now isn't really that far off of the Great Depression, I mean wealth inequality levels are akin to French Revolution levels. That alongside a deadly pandemic raging, this is easily a Great Depression-level situation, I just think the shape of US Gov't is a lot different than its been in the past (pre-Reagan at least.) A lot of people would argue that the economy has never been better, which is a reason, in my opinion anyway, why a lot of people that are not in the 'basket of deplorables' are still supportive of Trump. Effecting that kind of change when a sizable portion of the population thinks things are fine and dandy is not feasible. People would certainly argue that, but they'd be wrong. Both Obama and Trump, in pursuit of "doing things right this time to avoid Great Depression 2.0", blew a gigantic asset bubble backed by an unprecedented mix of bad debt and endless money printing. The "real economy" has been anemic for a long time now (hence a decade of QE), although admittedly if you own a good portion of stocks and/or real estate you wouldn't have been complaining.
I don't disagree with either of you, the situation is horrific, particularly coming from a European background such as myself.
The thing is, for a very large part of the US population, 'good economy'='good performance in the stock market'.
Edit: Kwark beat me to it :/
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I think people can feel the real economy, unfortunately we're also pumped full of "STOCK MARKET DO GOOD, ECONOMY MANY GOOD!" from so many sources that it creates this very odd brain-space for people in the US. Brain says "everyone says economy is good so..." and then life experience feels a different way, creates this odd cognitive dissonance. I'm not going to pretend to be a whole lot better, there are plenty of people here actually qualified to hold complex nuanced opinions about the American economy, I'm certainly not among them, but I definitely look around and don't see the sort of economic greatness that you hear when people on the news talk about the stock market and such. I dunno why, I don't really feel confident taking measure of any of the complex mechanisms fucking with the real economy but it very much seems fucked to me.
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On January 28 2021 00:12 EnDeR_ wrote:Show nested quote +On January 27 2021 23:42 Zambrah wrote:On January 27 2021 23:33 EnDeR_ wrote:On January 27 2021 23:23 Zambrah wrote:On January 27 2021 23:19 EnDeR_ wrote:On January 27 2021 21:21 Zambrah wrote:On January 27 2021 20:29 Gorsameth wrote:On January 27 2021 19:53 Zambrah wrote:
What are the odds this thing where Reddit fucks with the stock market and wrecks a hedge fund has any impact on the farce that is the American belief that the stock market is the economy? Can America afford to admit its a farce? Or are its roots so deep that it would bring the economy crashing down and make the great depression look like a fun picnic? Would it even do anything positive? most Politicians don't want to help the lower and middle or they could do so any time they wanted. Exposing the lie of the stock market won't change that, they would simply find something else to cover for their inaction. Let me fix that for you. I mostly hope it has an effect on the populace's perception, but I don't think this will see enough MSM play to really spread that far. I'm just kind of tired of the state of things economically. Situations like this make me wonder what it takes to see America actually take a shift towards giving a proper shit about its underclass. Unless we get a 'Great Depression v2.0', I doubt we will see any significant short term shifts. We might be a bit luckier in the longer-term, as the millennial generation gets more positions of power. The situation we have right now isn't really that far off of the Great Depression, I mean wealth inequality levels are akin to French Revolution levels. That alongside a deadly pandemic raging, this is easily a Great Depression-level situation, I just think the shape of US Gov't is a lot different than its been in the past (pre-Reagan at least.) A lot of people would argue that the economy has never been better, which is a reason, in my opinion anyway, why a lot of people that are not in the 'basket of deplorables' are still supportive of Trump. Effecting that kind of change when a sizable portion of the population thinks things are fine and dandy is not feasible. Who is arguing that the economy that isnt the stock market has never been better? Theres massive wealth inequality in the US, during the pandemic alone billionaires have made absurd amounts of money as people lost their jobs, had to take on debt to survive, are under threat of eviction, etc. To say the US economy is doing great would require basically blinding yourself to the grim realities of the economy that impacts actual human beings in favor of looking at the stock market alone. The stock market is not an accurate reflection of how Americans are doing economically, theres a reason when we talk about the non-stock market economy we start using terms like, "real economy," implying the stock market isn't the actual economy. I'm also of the opinion that the awful state of the US economy for the working class is a large part of why we see people so ready and willing to tell the US Government to fuck off with Trumps and Trump-insurrections, etc. We're nearing that point of economic turmoil that really starts to piss off the population. Show nested quote +On January 27 2021 23:39 LegalLord wrote:On January 27 2021 23:33 EnDeR_ wrote:On January 27 2021 23:23 Zambrah wrote:On January 27 2021 23:19 EnDeR_ wrote:On January 27 2021 21:21 Zambrah wrote:On January 27 2021 20:29 Gorsameth wrote:On January 27 2021 19:53 Zambrah wrote:
What are the odds this thing where Reddit fucks with the stock market and wrecks a hedge fund has any impact on the farce that is the American belief that the stock market is the economy? Can America afford to admit its a farce? Or are its roots so deep that it would bring the economy crashing down and make the great depression look like a fun picnic? Would it even do anything positive? most Politicians don't want to help the lower and middle or they could do so any time they wanted. Exposing the lie of the stock market won't change that, they would simply find something else to cover for their inaction. Let me fix that for you. I mostly hope it has an effect on the populace's perception, but I don't think this will see enough MSM play to really spread that far. I'm just kind of tired of the state of things economically. Situations like this make me wonder what it takes to see America actually take a shift towards giving a proper shit about its underclass. Unless we get a 'Great Depression v2.0', I doubt we will see any significant short term shifts. We might be a bit luckier in the longer-term, as the millennial generation gets more positions of power. The situation we have right now isn't really that far off of the Great Depression, I mean wealth inequality levels are akin to French Revolution levels. That alongside a deadly pandemic raging, this is easily a Great Depression-level situation, I just think the shape of US Gov't is a lot different than its been in the past (pre-Reagan at least.) A lot of people would argue that the economy has never been better, which is a reason, in my opinion anyway, why a lot of people that are not in the 'basket of deplorables' are still supportive of Trump. Effecting that kind of change when a sizable portion of the population thinks things are fine and dandy is not feasible. People would certainly argue that, but they'd be wrong. Both Obama and Trump, in pursuit of "doing things right this time to avoid Great Depression 2.0", blew a gigantic asset bubble backed by an unprecedented mix of bad debt and endless money printing. The "real economy" has been anemic for a long time now (hence a decade of QE), although admittedly if you own a good portion of stocks and/or real estate you wouldn't have been complaining. I don't disagree with either of you, the situation is horrific, particularly coming from a European background such as myself. The thing is, for a very large part of the US population, 'good economy'='good performance in the stock market'. Edit: Kwark beat me to it :/
I think it's a good occasion to repost who actually owns stocks.
A whopping 84 percent of all stocks owned by Americans belong to the wealthiest 10 percent of households. @NYT
And that includes everyone’s stakes in pension plans, 401(k)’s and individual retirement accounts, as well as trust funds, mutual funds and college savings programs like 529 plans.
“For the vast majority of Americans, fluctuations in the stock market have relatively little effect on their wealth, or well-being, for that matter,” said Edward N. Wolff, an economist at New York University who recently published new research on the topic.
// it's a bit outdated though the picture is clear enough. and keep in mind, covid was nowhere to be seen and the economy was "ok" back then in 2018. I'd wager the trend has even worsened. think about musk's net worth in 2018 to now. most of it is in stock.
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DC statehood bill has been reintroduced (last time was in 2013). Gonna be interesting. I see some comments about adding in an exception to the filibuster rules (a la supreme court justices exception that McConnell introduced). The smart compromise would be PR + DC combined (the more I read about PR politics, the more convinced I am it would be a republican state), but republicans are probably going to try stall it indefinitely and either force a rules change or watch it die.
Proposed name for the state would be Washington, Douglass Commonwealth (after Frederick Douglass).
https://thehill.com/homenews/campaign/536052-senate-democrats-reintroduce-dc-statehood-bill
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Zambrah, many people think the economy is doing well because their everyday situation is better than it use to be. It isn't all about the stock market.
Republicans have been polling pretty favorably on the economy for a long time, and many of them think that the only problem is lockdowns and other COVID-19 measures.
Our current situation is also nothing like the Great Depression. That is horrifically hyperbolic.
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EPT
