Thursday, July 2, 2020

Stock Market Okey-Doke

Did you have a good second quarter of 2020? I had a tough time. We had a tough time. Work is way down, we're all concerned about our health and the health of our neighbors, it looks like it will be many months before we can visit friends and family, political leadership is concerned only with self-promotion, and racist violence is in a dangerous death spiral. But do you know who had a great quarter? a record high? NASDAQ.    https://www.msn.com/en-us/money/topstocks/nasdaq-hits-record-high-fedex-soars/ar-BB16dXxb 

I have tried to learn about and understand the economy. Finance capital has been especially hard to figure out. This all looks like paper chasing, with no actual goods produced or delivered. Wall street looks like theater to me. The trading floor closed for months because of COVID, with no discernible effect on the market. We are all offered 'the market' as a goal, a dream, the only legitimate way to understand value and values. But it's all a bunch of lies.



I've been predicting the end of this rotten system since about 1840 (I was a precocious child). But this time seems like the real thing.

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