The DOW has absolutely nothing to do with the cost of everyday living expenses or our incomes. That is strictly a measure of how well the corporations and the elite rich are doing. Why people even use that as any measure of good or bad is insane. It’s like saying it’s really cold on Neptune today so you should turn your heater on.
Also, if corporations are making more profits that very likely means that the people (you and me) that work for them are making even less of a % of what value we create for them than before. (I.E. wage theft by underpaying all their employees and refusing to raise wages to even keep up with inflation at a MINIMUM)
If your wages don’t automatically go up with each years inflation be numbers by default then you got a pay cut that year.
And if the DOW does amazing or terrible has absolutely zero impact on your day to day. Unless you are a day trader or something.
Its because obama and biden left the economy in shambles. Trump is just cleaning up the mess…
THE DOW IS OVER 50000…
Did you even say thanks???
On the other side, we’ve never received so many memes from the government
covfefe
The DOW has absolutely nothing to do with the cost of everyday living expenses or our incomes. That is strictly a measure of how well the corporations and the elite rich are doing. Why people even use that as any measure of good or bad is insane. It’s like saying it’s really cold on Neptune today so you should turn your heater on.
Also, if corporations are making more profits that very likely means that the people (you and me) that work for them are making even less of a % of what value we create for them than before. (I.E. wage theft by underpaying all their employees and refusing to raise wages to even keep up with inflation at a MINIMUM)
If your wages don’t automatically go up with each years inflation be numbers by default then you got a pay cut that year.
And if the DOW does amazing or terrible has absolutely zero impact on your day to day. Unless you are a day trader or something.
The DOW thing was a joke…
Oh, it’s hard to tell jokes from serious when your entire government is run by criminal clowns.
I still don’t understand how The Onion can even continue to exist this past decade.
Because the boomers who vote have a 401k to live off of and it’s the only thing they care about