huw.Y.WattfromWare wrote: ↑

Thu Apr 22, 2021 11:44 pm

All to clever for me but should “delhi” be deli?

willsclarets wrote: ↑

Thu Apr 22, 2021 11:24 pm

Interesting day today for anyone who dabbles in the stock market What is happening in the US particularly is just ridiculous. You can't print money for fun, give away cheap debt and run a massive deficit without consequence. All the FED have done is kick the can down the road. Productivity hasn't gone up, potential earnings (for the most part) have not gone up because rates had to increase with their fiscal policy and tax also had to rise to pay for covid. The prices that stocks are trading at as a ratio of earnings is crazy, and at the end of the day the market will correct to reflect the future flow of dividends. What annoys me most is that the FED are pedalling it; retail investing via robinhood and penny stocks have just gone crazy. I read the other day, that a deli making $80k had been traded up to a $100 million dollar market cap.

Finally they've got to the stage where the bond market is in danger of collapse, and there's no more room to decrease interest rates. They're going to do the impossible, which is to create massive inflation. Commodity prices are already rocketing. And somehow there's suprise today, when Biden announces capital gains tax has to go up. You mean they need a way to pay some of this money back? No way! Again and again, after every crisis or bust, the fed repeats its strategy to pump the economy without real growth and hope to solve the problem another day. Who suffers at the end of all this? Regular working people. Wealthy investors have made millions from the covid crisis in the short space of a year with a massive helping hand, knowing full well the party will be over soon. It's a disgrace.