[quote=ucodegen][quote=flu]Well, I guess the average person doesn’t understand when wall street stops investing in main street….Main street businesses go under, and then that 4-5% unemployment ends up being much worse… And for those folks that think things can’t possibly get worse, obviously they haven’t been financially decimated enough to understand.[/quote]
These days, wall street doesn’t invest, it speculates. It might be better if wall street left main street to the individual investors – your dividends might get juicier because the share price wouldn’t be priced so tight against yield.[/quote]
Not completely true. For example, plenty of investment capital chasing startups and new tech, and yes jobs…So long as the economy is in a growth mindset. That, however, would change, if folks get their wish and the system collapses.
Then of course, there’s the other mind set, for which some of the alt-right thinks everything is rigged, and everything is a conspiracy, at which point those, folks tend to just stick their money in their mattress (so to speak)…And yet complain about how their money isn’t growing. Some of these were the same ones thinking real estate prices in coastal CA was going to fall an additional 50+% after they already fell 30-35% in some cases….Go figure.