$0.00 cost money in the overnight market for banks helps prop up stock market values as folks flee zero or negative real rates of return on bonds and other fixed income assets. The recent increase in stock market values points to increasing optimism that the pandemic will come under control in the near future.
Here is the problem. If market values were sinking fast and hard, Americans of modest means and Americans of low income would be suffering even more.
Going forward, the priority should be single-payer, universal basic health care for all Americans.
$0.00 cost money in the overnight market for banks helps prop up stock market values as folks flee zero or negative real rates of return on bonds and other fixed income assets. The recent increase in stock market values points to increasing optimism that the pandemic will come under control in the near future.
Here is the problem. If market values were sinking fast and hard, Americans of modest means and Americans of low income would be suffering even more.
Going forward, the priority should be single-payer, universal basic health care for all Americans.
The all-time record highs that Wall Street has registered this week have given some Americans â the nationâs already rich â considerable cause for celebration.
And the rest of the nation? Tens of millions of Americans are paying precious little attention to the chirpy tale of Wall Streetâs ticker. The simple reason: They own no stocks at all. Millions of other Americans who do own stocks donât see any reason to celebrate either. Theyâre finding themselves forced, amid pandemic economic collapse, to start selling the stocks that make up the bulk of their retirement savings.
How best to start understanding this story? The best place to begin: The latest numbers on stock ownership from the Federal Reserve. Fed researchers have been tracking who exactly owns the stocks that trade every business day on Wall Street ever since 1989.
Back nearly 30 years ago, in 1992, the share of stock nationally that belongs to Americaâs poorest half of households hit an all-time high. That âhighâ amounted to all of a miniscule 1.6 percent.
How much of Americaâs stock wealth does the bottom 50 percent hold these days? At the end of this past June, the most recent Federal Reserve data point available, the nationâs poorest half held less than 1 percent of the nationâs stock holdings, just 0.6 percent.
The nationâs poorest 90 percent, all combined, now hold just 11.8 percent of the nationâs stocks. (...)
Dombrovskis repeated an EU offer that the bloc was ready to suspend its measures at any time if the United States did the same, âwhether under the current or the next administration.â
On a new form of economy slowly emerging, named as 'Purpose Economy'
Perhaps, some already know the web-search engine named Ecosia? Or the online marketplace software Sharetribe? The traditional optical and optic-electronics manufacuring Zeiss? They have opted for what is called steward ownership, or purpose economy, among many other companies, and their numbers keep growing.
An example of a newly emerging form of doing business started by young people...
no one has to read that story to know the truth: of course it hurt mfg workers. question is, did it help the economy, beyond the stock market? certainly helped us all buy more cheap trinkets, that we and our economy are now addicted to.
It's now a problem, because someone else is better at it/benefits more.
no one has to read that story to know the truth: of course it hurt mfg workers. question is, did it help the economy, beyond the stock market? certainly helped us all buy more cheap trinkets, that we and our economy are now addicted to.
"We
have to explain to the public far better why we are buying the assets
of cash-rich mega companies that does nothing to help struggling SMEs
and those on Main Street who canât borrow, and which also exacerbates
both irrevocable market and real economy distortions, such as it is."
if you're looking for a lay up, try the economics dept at university of missouri at kansas city
they're very well versed in mmt (fullwiler, etc.)
good luck
Thanks, but they are not (or no longer) my cup of tea. Loud bunch (with the possible exception of Fullwiler) who, more importantly, commit a number of fundamental errors.
so kelton, keen and the like are out?
maybe inet
not sure where you are or who you may want to connect with
if you're looking for a lay up, try the economics dept at university of missouri at kansas city
they're very well versed in mmt (fullwiler, etc.)
good luck
Thanks, but they are not (or no longer) my cup of tea. Loud bunch (with the possible exception of Fullwiler) who, more importantly, commit a number of fundamental errors.
Sorry, the only economist I know is on the other side of the bench.
if you're looking for a lay up, try the economics dept at university of missouri at kansas city
they're very well versed in mmt (fullwiler, etc.)
good luck
Thanks, but they are not (or no longer) my cup of tea. Loud bunch (with the possible exception of Fullwiler) who, more importantly, commit a number of fundamental errors.
