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Old 17th October 2020, 04:27 PM   #841
The Atheist
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Originally Posted by Orphia Nay View Post
I see the continuing rise in the market as perhaps a rise in the people's ownership of the market.
Whereas I see as guaranteed to increase inequality.

We already have the situation in NZ where home ownership is out of reach of people unless their parents can give them a couple of hundred grand.
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Old 17th October 2020, 05:23 PM   #842
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Originally Posted by The Atheist View Post
Whereas I see as guaranteed to increase inequality.

We already have the situation in NZ where home ownership is out of reach of people unless their parents can give them a couple of hundred grand.
We're talking about the share market. You can buy a parcel of shares for $500. That won't get you a house deposit.
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Old 17th October 2020, 08:54 PM   #843
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Ok, I thought you were on the housing market. Where the sharemarket is doesn't matter too much in terms of inequality.
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Old 19th October 2020, 02:50 PM   #844
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The Wall Street Journal's take on the disconnect between the economy and the stock market:

https://www.youtube.com/watch?v=vFJj4E1G2Qc

Basic summary:1. The FED printed a bunch of money, among other things. (By "printed a lot of money", I mean "bought a lot of US Treasuries". That's basically the same thing.
2. Tech stocks like Amzon, Apple, Google, did loads of business because so many things went online.
3. Individual investors with time on their hands opened brokerage accounts.

This all still seems very fragile to me, but, I'm not exactly an acknowledged expert on this stuff.
Tech stocks (Apple, Amazon, Google.....
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