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mysteryman · 3rd August 2020, 21:58

US GDP plunged by a record 33% annual rate in the 2nd quarter, YET the stock market is still rising? If this doesn't prove to people, the stock market has ZERO to do with the regular economy ( meaning the economy of every day, non uber rich )? Nothing will! 40 Million people out of work, no new unemployment, no relief packages, only Trillions for the uber rich. People going to lose everything. But what the hey, wall street is still rising!

pockets · 3rd August 2020, 22:27

At the risk of getting myself into trouble... (this could be viewed as a personal attack.)

I generally find you to be a conspiracy theorist type... my "in group" finds conspiracy types not worth conversing with / listening to.

But...
The above post is valid. 100%

It's 2020 and American's still don't understand who is taking them to the cleaners.

mysteryman · 3rd August 2020, 22:53

What constitutes a conspiracy theory? When those who created the original conspiracy, called anything opposite, or opposing idea. A Conspiracy Theory. Which in my opinion, makes the original 1, a conspiracy theory as well.

louzoo9 · 3rd August 2020, 22:57

This can be blamed on individual state governments and less federal. Interesting what's going on in Sweden.

Soon2BFit · 3rd August 2020, 23:43

A combo of that ^ and that stinking virus!

louzoo9 · 4th August 2020, 00:16

I guess nobody knows the significance of the number 33 haha

mysteryman · 4th August 2020, 01:07

Other then this?

33 = Bad Luck. The number of deities in the Vedic Religion is 33. The second level of heaven in Buddhism is named Trāyastriṃśa, meaning "of the 33 (gods)." The divine name Elohim appears 33 times in the story of creation in the opening chapters of Genesis. Jesus' traditional age when he was crucified and resurrected.
Divisors: 1, 3, 11, 33
Factorization: 3 × 11

What does it have to do with the post? lol

Quote:

Originally Posted by louzoo9

I guess nobody knows the significance of the number 33 haha

prettypretty · 4th August 2020, 02:00

Central banks have been pumping money into the system all over the world for a long time. You don't need to be an expect to see that a lot of companies on the stock market are overvalued. A correction will happen at some point, that is if central banks don't keep pumping in money.

allworkboy · 4th August 2020, 02:03

I saw the other day that Amazon is $3000 a share. Crazy!

4th August 2020, 03:00

The largest redistribution of wealth in US history took place under the guise of pandemic relief by giving 5 trillion to corporations, which both parties agreed to. The funds were distributed by one person at the treasury department and US citizens are not privy to who received the funds, not sure how that's legal. That coupled with lock downs which crippled the economy and did nothing to stop the spread of COVID, even the government admits it's everywhere in the US now, Sweden probably had it right all along and their GDP grew this quarter. If the US keeps printing money or if Saudi Arabia starts accepting funds other than the US dollar for their oil all of our retirements aren't going to be worth the paper they are printed on.

I honestly don't think anything I said was political in nature but if it was I apologize and feel free to remove.

3rd August 2020, 21:58	#1
mysteryman I Got Banned Clinically Insane Join Date: May 2007 Location: New Jersey Posts: 4,742 Thanks: 2,629 Thanked 25,248 Times in 4,403 Posts	US GDP dropped by a record 33% in the 2nd quarter US GDP plunged by a record 33% annual rate in the 2nd quarter, YET the stock market is still rising? If this doesn't prove to people, the stock market has ZERO to do with the regular economy ( meaning the economy of every day, non uber rich )? Nothing will! 40 Million people out of work, no new unemployment, no relief packages, only Trillions for the uber rich. People going to lose everything. But what the hey, wall street is still rising!

3rd August 2020, 22:27	#2
pockets I loathe misinformation. Beyond Redemption Join Date: Dec 2008 Location: Midwest Posts: 31,145 Thanks: 54,027 Thanked 296,112 Times in 29,458 Posts	At the risk of getting myself into trouble... (this could be viewed as a personal attack.) I generally find you to be a conspiracy theorist type... my "in group" finds conspiracy types not worth conversing with / listening to. But... The above post is valid. 100% It's 2020 and American's still don't understand who is taking them to the cleaners. __________________ AI Enhancement Requests Will be Considered. (Send me a PM) Content Requested Must Be From My Own Posts. Content Requested Must Not be From a Pay Site. My Audiobooks My Picture Thread My Video (Mirror) Thread

3rd August 2020, 23:43	#5
Soon2BFit From The State of Euphoria Clinically Insane Join Date: Mar 2012 Posts: 2,264 Thanks: 4,054 Thanked 9,117 Times in 1,940 Posts	A combo of that ^ and that stinking virus! __________________ ▬▬▬▬▬▬▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬▬▬▬▬▬ DAMN THIS SIGNATURE IS FANCY ▬▬▬▬▬▬▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬▬▬▬▬▬

3rd August 2020, 22:53	#3
mysteryman I Got Banned Clinically Insane Join Date: May 2007 Location: New Jersey Posts: 4,742 Thanks: 2,629 Thanked 25,248 Times in 4,403 Posts	What constitutes a conspiracy theory? When those who created the original conspiracy, called anything opposite, or opposing idea. A Conspiracy Theory. Which in my opinion, makes the original 1, a conspiracy theory as well.

3rd August 2020, 22:57	#4
louzoo9 Registered User Novice Join Date: Dec 2008 Posts: 84 Thanks: 1,092 Thanked 219 Times in 70 Posts	This can be blamed on individual state governments and less federal. Interesting what's going on in Sweden.

4th August 2020, 00:16	#6
louzoo9 Registered User Novice Join Date: Dec 2008 Posts: 84 Thanks: 1,092 Thanked 219 Times in 70 Posts	I guess nobody knows the significance of the number 33 haha

4th August 2020, 02:00	#8
prettypretty Addicted Join Date: Jul 2011 Posts: 112 Thanks: 158 Thanked 277 Times in 94 Posts	Central banks have been pumping money into the system all over the world for a long time. You don't need to be an expect to see that a lot of companies on the stock market are overvalued. A correction will happen at some point, that is if central banks don't keep pumping in money.

4th August 2020, 02:03	#9
allworkboy Registered User Clinically Insane Join Date: Mar 2019 Posts: 2,730 Thanks: 6,893 Thanked 8,716 Times in 2,513 Posts	I saw the other day that Amazon is $3000 a share. Crazy!

4th August 2020, 03:00	#10
BrewerJ Guest Posts: n/a	The largest redistribution of wealth in US history took place under the guise of pandemic relief by giving 5 trillion to corporations, which both parties agreed to. The funds were distributed by one person at the treasury department and US citizens are not privy to who received the funds, not sure how that's legal. That coupled with lock downs which crippled the economy and did nothing to stop the spread of COVID, even the government admits it's everywhere in the US now, Sweden probably had it right all along and their GDP grew this quarter. If the US keeps printing money or if Saudi Arabia starts accepting funds other than the US dollar for their oil all of our retirements aren't going to be worth the paper they are printed on. I honestly don't think anything I said was political in nature but if it was I apologize and feel free to remove.