Friday, February 02, 2018
Is the illusion busted
Just checked our retirement account. The losses are stunning. Is this the end of the Trump delusion? Have people awakened? Maybe yes, maybe no. Maybe people realize you cannot give away money to the rich with no consequences. Maybe people have realized you can only tell so many lies before even the dumbest person on Earth realizes you are a liar. What is going on? Maybe trickle down doesn't work. No matter how you slice it reality seems to be setting in. We live in a very strange world. According to the finical news the drop in the market has been caused by good news. Employment figures look great, but that is the problem. With everyone working wages may go up. Oh no, that means inflation. Companies may have to pay workers what they are worth. That is very bad news for the stock market. No more slave working cheap. What kind of system suffers when workers wages goes up? Yup, our system does. So paying people a decent wage causes inflation, and that is bad for the stock market. Is there something fundamentally wrong with capitalism or is there something wrong with trickle down economics?
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