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1. feld (feld@bikeshed.party)'s status on Friday, 26-Jan-2024 01:05:22 JST feld
   > Dow closes above 38,000 for 1st time, setting record high; S&P 500 closed with record high
   
   > Consumer sentiment gauge posted the largest two-month gain since 1991
   
   > Microsoft lays off 1,900 Activision Blizzard and Xbox employees
   
   
   Someone's lying to themselves about how good the economy is
   • feld (feld@bikeshed.party)'s status on Friday, 26-Jan-2024 01:05:20 JST feld

     in reply to

     • incognitum
     @incognitum yes, same with every headline about "record breaking corporate profits"
     
     Number went up but did actual *value* increase? they don't want you to think about that though
   • SlicerDicer (slicerdicer@bikeshed.party)'s status on Friday, 26-Jan-2024 01:05:20 JST SlicerDicer

     in reply to

     • incognitum
     @feld @incognitum the economy is doing great for boomer retirement, 70% of the money. So that means that all those people are happy.
     
     It has nothing to do with reality.
     
     The threats from them that if we don't do what they want they will break it all are clear. They will play scorched earth, they will be vindictive.
     
     >>Number went up but did actual *value* increase? they don't want you to think about that though
     
     so long as they maintain that is all that matters.
     Disinformation Purveyor :verified_think: likes this.
   • incognitum (incognitum@liberdon.com)'s status on Friday, 26-Jan-2024 01:05:21 JST incognitum

     in reply to

     @feld

     The stock market is denominated in dollars. Brand value and company assets appreciate through inflation just like an once of gold. *Line goes up* is only meaningful if the Y axis is fixed across the X axis. So unless you are inflation adjusting your stock values, a new "record high" is meaningless.

   • Disinformation Purveyor :verified_think: (thatguyoverthere@shitposter.club)'s status on Friday, 26-Jan-2024 01:06:20 JST Disinformation Purveyor :verified_think:

     in reply to
     @feld not just themselves