Dow hits a new record! Thanks Joe

Author: IwantRooseveltagain

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#1
IwantRooseveltagain
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Remember when Trump was bragging about how great the stock market was doing? All the MAGA MORONS were giving him credit for it.

Basically cutting taxes for corporations allowed them to buy back their stock.

Well now the stock market is even higher under Biden and it isn’t because they used their tax cut to buy back their stock. It’s because they are selling more products and services.



#2
Greyparrot
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Stock market still deals in dollars.

Dollars are inflated a LOT right now. I wouldn't put a lot of stock in inflated numbers, especially if the government is also printing money to keep the stock market artificially inflated.

When you are charging 20 dollars for a McDonalds super value meal, of course the derivative stock prices will be high too.

You should definitely purchase....lol...

Just ask Bezos, his WAPO people know best. Just like every unoriginal reader that pays Bezos to tell them the same thing every day.
#3
FLRW
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@Greyparrot

A McD value meals in Moscow costs $20 ?     Where I live in the USA it costs $5.
#4
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@FLRW
I wouldn't let IWRA  know you live in a low cost of living area. He might try to doxx you if he knows where you live.
#5
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@Greyparrot
There is simply a moment in economy where cost of production cannot be reduced any further, it can only increase. 

This is because all producers compete to reduce cost until they hit bottom. Then from that point, price can only increase because further reduction would mean buisnesses collapse.

And yeah, prices in USA were increasing for decades, with some exceptions.

Biden didnt cause any unusual increase. Prices in many countries increased during and after covid.

Its the nature of the economy based on disorders and big controlling governments.

You know very well that big governments are expensive, but the funny thing is that big governments only get bigger over time, hence even more expensive.

Really, the biggest flaw of government is its constantly growing power.
#6
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@Best.Korea
Biden didn't cause any unusual increase..
True, we have had around 1.5% inflation for a very long time, but Biden doubled that rate of increase to 3.5%. It's pretty noticeable now. Kinda like when you floor the gas and your head snaps back into the seat.
#7
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we have had around 1.5% inflation for a very long time, but Biden doubled that rate of increase to 3.5%
Government grows. Inflation grows.

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#8
IwantRooseveltagain
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Just ask Bezos, his WAPO people know best. Just like every unoriginal reader that pays Bezos to tell them the same thing every day.
Right, you still believe that Bezos tells the Post what to write, just like you believe the election was stolen from Trump.

Because you’re a MAGA MORON 

I wouldn't let IWRA  know you live in a low cost of living area. He might try to doxx you if he knows where you live.
Yes, there are so few areas that are low cost, like all the flyover states and the entire Bible Belt