sj_zeroI'm of two minds in this regard. On one hand, the people who are pushing for "a growing economy" usually are worried about rich people's yacht money. OTOH, the economy makes things like the ways we feed ourselves, and the way we heat our homes, and other stuff we need to not die.
It seems like too many people are focused on the evils of the former without considering the evils of harming the latter. Having to choose between freezing to death and starving to death isn't a good place to be.
karinchu@dbattistella @sj_zero well stocks just fell because more people are working. The jobs report was good. The rich people freaked out. When the people who really get hit with rate increases are the people who are working. Frankly felt like a real rich people’s yacht money moment to me.
midway@dbattistella @sj_zero @universeodon
As one who follows and trades the market daily, Friday was an big up day after the jobs report. S&P was up 2.28% in a day which is well over a standard deviation move for one day.
As one who follows and trades the market daily, Friday was an big up day after the jobs report. S&P was up 2.28% in a day which is well over a standard deviation move for one day.