Why are economic doomers always wrong? The S&P 500 (stock index which tracks a lot of tech companies) just hit an all-time HIGH. This is the opposite of what doomers were predicting. Doomers have been promising an 'impending' economic crash since 2009, and it never happens. How have they been so consistently wrong for so long?
How many times did you fail the captcha, anon?
>>543889134kys memeflaggot
>https://youtu.be/E23-NesjpJM
im convinced miggers treat the S&P like a videogame. its the high off the the endorphines flooding their brain when number go up
>>543888891what kind of dividends are these overpriced stocks delivering? An all time low by any chance?
>>543888891>Why are economic doomers always wrong?To put it in extremely simple terms: because they (for some reason) never expect the rich and powerful of doing what is in the best interest for the rich and powerful and that would be by inflating away the default through the means of monetary deficit spending. So of course all of their forecasts are wrong, but just between you and me they were probably funded and promoted just because they were wrong.
>>543889521And doomers don't? Every time markets take a temporary minor dip, they immediately start screaming and clucking about an economic apocalypse which never happens. That's why they are so widely-mocked in the first place.
The epstein economy is fake and gay.
>>543890187Parts of 'the economy' can be fake or manipulated for periods of time. But you can't 'fake' THE ENTIRE ECONOMY for nearly 20 years.
>>543888891I don't know but it's absolutely insane. I've seen it from people all across the spectrum, from 80iq smoothbrains, midwits, and supposed "geniuses", it doesnt matter. They all magically become experts of global macro economics and become convinced that only their opinion is the correct one and they know more than all the actual experts. They make these predictions of total collapse and proceed to puke out all the confirmation bias they've been experiencing from scare headlines and social media grifters, then after a year of nothing happening they pretend like they never said that and claim that NOW is actually when the collapse is gonna happen. Imagine listening to one of these faggots 3 or 4 years ago and missing out on the ludicrous stock market gains that have happened since then because you believed their armchair economic "analysis" that essentially boils down to "well my life has been turning to shit so obviously that means everything is falling down around us" completely unable to step outside of their little world and see things for how they actually are. Imagine being so dumb that you watch these megacorps sucking up all the world's resources and don't think hey maybe I should ride these coattails a bit so I at least get something out of our descent into capitalist dystopia because your favorite youtuber said that AI was a ponze scheme or you saw an image macro of companies jerking each other off. It's truly a lower state of being that I can't help but look upon with disdain.
>>543890268>you can't 'fake' THE ENTIRE ECONOMY for nearly 20 years.LolLmaoYou're out of the gold standard since 1971 - meaning it's all fake.You're on 0% reserve banking system since 2020... making it all even more fake than anyone could have ever imagined...
>>543888891The market is rising not because the economy is booming but because of the AI bubble and monetary devaluation because the US has been printing billions and billions of dollars out of thin air for decades now. The value of stocks is not rising, it's the value of the dollar that's dropping. That does not mean it's a bad idea to invest in the SP500 but you have to understand what is at play here.
>>543890268The USSR basically faked its entire economy for 40 years before finally collapsing.
>>543890525This >>543890623 perfectly illustrates my point. This dude watched some libertarian youtuber glaze "the gold standard" once and decided everything he said is gospel. Now he's bitter because he missed out on profiting from the insane valuation growth that has happened and his only cope is saying it's all fake anyway (completely meaningless statement which shuts down any opportunity for real discussion).
>>543890765>Now he's bitter because he missed out on profiting from the insane valuation growth that has happenedKekI laugh at your gay valuation. I stack silver.I don't care what it's worth in your paper memes.All I care is that my stack keeps growing. Also, you especially being from Canada... riddle me this: How has your real estate been valued regarding salaries and even stocks?Let me phrase it in another way: That economy of yours... the average man on the street ... is he having more or less difficulty in buying a house? Is he more or less dependent upon debt or credit? How is your economy really going?Also, you're one among that half of Canadians that arrived in that shitty country in the last twenty years... don't you think your economy is only growing because of that? Because the population doubbled? Has the real standard of living doubled as well? LMAO! And the dunking in quality of life can be well seen without even talking about the economic part... it stinks to high heaven!You're nothing. Because you can't even think.
>>543890525I pulled out into cash in january 2020. I made a mistake of not getting back in near the bottom and missed the easy x2. In my defense i had no idea these fucking retards are going to burn the entire economy over a cold for the next 3 years printing money like there is no tomorrow.
