Why Mr. Market Ignores a World in Turmoil

TV gameshows have demonstrated that humans are prepared to make fools of themselves when there is a chance of winning a big pile of cash. Instead of a fast-talking game show host we have Mr. Market, and the pile of cash is provided by the Federal Reserve rather than a production company. But human foolishness never changes.

Today’s question for the audience is: Why is the market rising even as U.S. cities burn, Hong Kong becomes a flashpoint in China relations with the West and the prospect of a second round of coronavirus...

jmackin2 There are people who take advantage of the demonstration for justice: They smash cars, burn shops, libraries, robs ... they must be punished properly by Law

jmackin2 That's capitalism.

jmackin2 The worse it gets for mainstreet the more the Fed will have to print. The more their balance sheet grows the higher equities go. It's all very simple. Bad news for the proles is great news for the financial class.

jmackin2 They make the most money off of war and suffering. History has proven that time and time again. They are socioeconomic vampires, parasites, and saprophytes. Wall Street should have been massively locked down and controlled after 2008. They are the worst kind of Americans.

jmackin2 😳

jmackin2 Money knows no morals. realDonaldTrump is the poster boy!

jmackin2 If you choose not to decide you still have made a choice.

jmackin2 Social distancing at Victoria Park HK tonight to commemorate the 1989 Tiananmen Square pro democracy massacre.

jmackin2 Crux of the strife. SARS-2 Shelter in Place was mismanaged Can't force millions out of work and send them home without income

jmackin2 This is the stupidest thing I've read in the past 24 hours, and I've read some pretty stupid things in the past 24 hours.

jmackin2 Fake protests

jmackin2 Mores ex parte visibilis - Behaviour as the Visible Hand of Economics

jmackin2 The rich get richer baby.. they loot why we make loot.. USA!!!

jmackin2 So companies and people aren’t allowed to flourish financially? I don’t understand the rationale

jmackin2 Isn't there a tech rally going on for some reason right now Can any of the tech folks explain it

jmackin2 How does a thing take a “moral position”? That makes literally no sense.

jmackin2 Its called Congress Approves Economic Relief Plan that leans towards the corporations.

jmackin2 This photo is misleading at minimum these soldiers/police are protecting buildings 4 the people by the people Mr. Floyd’s murder is horrific all Americans are demanding justice stop dividing us

jmackin2 The market is amoral. Capitalism will not save democracy.

jmackin2 Wall Street represents the Lords while Main Street represents the Serfs in our two class medieval society with a plague thrown in for good measure.

jmackin2 . . . but neither WallStreet nor the StockMarket are the Economy . . . 1st our US Economy was driven by Slaves and now the WorkingPoor drive our economy . . . Mercy4Blind who never see truth. 👽

jmackin2 Not sure how a rising stock market could be bad news.

jmackin2 Oh, the market is very much taking a moral position.

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