We’re in a recession because the poors aren’t spending enough money! Spend more money poor people! This recession is all on you, definitely not the over leveraged institutions and debt addicted banks.
Spend more or we wont give you your 1.5% cost of living raise for the next three years!
For anyone interested in how this all started, there’s a book I read that I quite enjoyed Flash Boys. It’s 8 years old now, but it’s difficult to read it and believe that the stock market could be anything approaching legitimate now, particularly given the bullshit around meme stocks.
Tremendous recommendation. Flash boys is fire.
And Ken Griffin is a massive piece of shit!
Taken from another comment because I’m lazy. Just because the Stock Market is bullshit doesn’t mean you shouldn’t be putting into a retirement account like a 401k/ROTH IRA.
The smartest thing any person can do is make their best informed decision with the information they have now. Not with speculative catastrophizing of a future that will keep marching on with or without you.
Because it will, despite all the doomerism in the world lol. And take this from someone who thinks the stock market is just a money generation machine for the rich that plays with made up magic in order to subsidize workers retirements only possible through unsustainable growth based gdp. It’s what makes compound interest even work lol.
The peons don’t like the idea of being paid so little they can’t save up for retirement without magically generating money from hoarding scraps. Heads would be literally rolling daily and worker rights and pay would be enshrined in every first world.
Anyone happening across this and looking for a little more info, you may want to check out https://WhyDRS.org and https://marketliteracy.org.
Just another casino.
