Comments

1

"... a return to policies that privilege life over capital."

But Capital IS Life!
And Corps are Peeps, too!*

Friendo
they're merely Souless.
you've probably met a few.
Some even live right Here.

4

All of you probably think Charles made this up, but they were seriously discussing exactly these moves on Bloomberg and CNBC.

The Invisible Hand says nothing about quarterly results.

6

Maybe the end of this country will be not with a bang but with a whimper... will be interesting to watch over the next few months.

7

The US may not be ready to fully embrace Marxism, but the stock market is clearly not happy about the way Trump and some of the red states are (miss)handling the pandemic. Apple has closed stores that it previously reopened in 3 states because of Covid spikes. AMC theaters had to reverse course and require movie patrons to wear masks. There are lots of examples like that. Trump and a few red state governors may want to shrug off the deaths and reopen the economy full steam, but the public isn't buying it. I'd love to go see a good movie in a theater again, but there's no way I'm setting foot in a crowded theater with no masks when the pandemic is spiking, no matter how bad Dear Leader wants to reopen the economy.

I have the income to go back out and spend as usual. But I'm not going back to my old spending habits until I'm convinced I can go out, mingle, be in crowds, on buses and planes, in theaters and bars, etc, without risking my health. We are no where close to that point yet.

8

? What are bonds if not "a commitment to repay the loan"?

10

@9 - I can see how MALT LIQUOR fits into the "junk food" part of Charles' narrative, but how does COCAINE affect the stock market?

12

I have a hard time understanding the delusion that Turnip, Hypochristians, Freedumb Fighters, and GOP governors have about this --uh-- global health pandemic. Like they can just wish it away and ¡poof! it's gone?l Without truly solving the virus situation --made infinitely harder by the "president" not-testing, barely testing, then reducing testing again-- the economy will of course suffer. Reopen while people are gathering mask-less, and you'll have to shut things down again... this cycle will apparently continue for MANY moons to come due to the levels of idiocy that have reached our so-called political leaders.

Pain now, intense but shorter..assuming it's done right. Ultimately the best route.
Pain later, many. repeated. cycles. of. infections. and. outbreaks. with. no. end. in. sight. ...basically much MORE pain.

I think --for normal people-- a key problem with capitalism is that a significant amount of money is created by private banks who then demand INTEREST on the debt you just borrowed. Like, with all that interest from all those private bank loans everywhere, ... where is the money for the interest ever going to come from? The Federal Govt doesn't introduce that problem, the money it creates has no interest attached to it. (because the Fed Govt doesn't need to make a profit.)


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