Too many people working from home. There are too many folks investing ~$300+ a month into the SP500 instead of their local economy by driving into the office.
It’s part of the reason why there has been very little economic development in the last 5 years outside of tech.
Beneficial_Split_649 on
2020 huh? These 3 time Trump voters haven’t been right since Obama ran for office 2 decades ago, and who even knows why. And it’s lead us to this point, it’s not like they even liked Bush. I really just can’t put my finger on it.
DramaticDirection292 on
It’s called PPP. We dished out literal billions to the top 5% of the economy while the plebes at the bottom of the economy got a couple measly checks to hold them over for a couple weeks.
Some of these businesses genuinely needed that money but a vast majority parked that money in the stock market. And boy has it grown. It was the literal greatest transfer of wealth in history.
Sprila on
This shit has been completely broken since the fed printed us out of the GFC and we’ve had 16yrs of QE and free money. All COVID do was exacerbate the problem that was already there.
khalid-khkhlhlh on
From realpolitik perspective, many seem to not understand Trump’s actions. He’s following gunboat diplomacy because the USA drove itself into debt out of greed. They’re an empire trying to restore its lost glory. It’s just too late for that.
5 Comments
Too many people working from home. There are too many folks investing ~$300+ a month into the SP500 instead of their local economy by driving into the office.
It’s part of the reason why there has been very little economic development in the last 5 years outside of tech.
2020 huh? These 3 time Trump voters haven’t been right since Obama ran for office 2 decades ago, and who even knows why. And it’s lead us to this point, it’s not like they even liked Bush. I really just can’t put my finger on it.
It’s called PPP. We dished out literal billions to the top 5% of the economy while the plebes at the bottom of the economy got a couple measly checks to hold them over for a couple weeks.
Some of these businesses genuinely needed that money but a vast majority parked that money in the stock market. And boy has it grown. It was the literal greatest transfer of wealth in history.
This shit has been completely broken since the fed printed us out of the GFC and we’ve had 16yrs of QE and free money. All COVID do was exacerbate the problem that was already there.
From realpolitik perspective, many seem to not understand Trump’s actions. He’s following gunboat diplomacy because the USA drove itself into debt out of greed. They’re an empire trying to restore its lost glory. It’s just too late for that.