Reminder: the stock market has doubled since Trump term 1
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Date: April 22nd, 2026 1:55 AM Author: coral misunderstood step-uncle's house newt
And purchasing power of $1 has halved.
At least we haven’t gotten poorer 🇺🇸
(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2Reputation#49833655) |
Date: April 22nd, 2026 2:46 AM Author: Floppy address pistol
What do you think the stock market tracks?
Certainly not the material conditions of working Americans. If it were a choice, I'd much prefer a worse stock market and more affordable life. People voted for him to make their lives more affordable, not to make the number go up on the screen for the people with enough money to invest.
(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2Reputation#49833671) |
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Date: April 22nd, 2026 9:04 AM Author: Swollen citrine institution skinny woman
Middle class just means top 10 or 15% excluding top 0.5%.
If you want a proportionally larger middle class then cut it out with the immigrants
Btw only like 5% of Tall Guys over 30 live paycheck to paycheck in OECD countries
(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2Reputation#49833820) |
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Date: April 22nd, 2026 1:59 PM Author: lascivious ratface
Working class has been on a downward trajectory since 1996 with a little blip during Covid where it shot up for like two years. Working class also more resilient to changes from AI and won't get wiped out as much.
What do you want me to say? Things aren't great for the working class. No one has been able to solve this with a magic bullet. It's been cheaper to shear a sheap in New Zealand and transport it on a boat to the UK than it is to shear a sheep in Scotland and sell wool locally since like 1980.
You know full well that has nothing to do with Trump. Warren Buffet said the one industry he never made a dime on was textiles. There are no blue jeans made on US soil (not counting some boutique guy in his house). There's no longer any denim material made in the US. Some things simply change over time in a global economy and you can't go back, you can't just triple down on a fantasy that entire sectors of the economy are gone. Studebaker is not coming back. People in Bangladesh make fast fashion garments for subpennies per hour. How is any of this going to change or go back to the old ways? How is it Trump's fault?
(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2Reputation#49834407) |
Date: April 22nd, 2026 2:36 PM Author: Smoky Submissive Patrolman
(guy looking at essentially any 10-year period in the last 100 years)
e.g., for the S&P 500
1940: 10
1950: 20
_____________
1955: 40
1965: 90
_____________
1990: 330
2000: 1400
_____________
2004: 1100
2014: 2000 (i.e., going through ITE)
(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2Reputation#49834529) |
Date: April 22nd, 2026 3:09 PM Author: coral misunderstood step-uncle's house newt
Interesting. It rose at an average of 7.9% over Drumpf's five years, and an average of 9.1% over Sleepy Joe's four years.
Sounds like we'd have been better off if Sleepy Joe had been POTUS the whole time.
(http://www.autoadmit.com/thread.php?thread_id=5859331&forum_id=2Reputation#49834639) |
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