Every time I go ‘uh-oh’ from the news Cute Power Rangers Among Us Green Kinda Sus Shirt and then see green numbers in my portfolio. The markets are doing some crazy, ever-increasing magic while the actual economy is in the shitter. That’s everything wrong with US Capitalism in a nutshell. It didn’t need to be that way. A competent leader would have at least had the virus deaths, not at 180,000. Trump’s not a competent leader so everything he does or touches turns. It’s a pretty reliable way of contextualizing what quarterly changes mean. Companies have to deal with a type of inertia, so when revenue drops they can’t immediately make changes to respond.
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It’ll take several months for their adaptations to reach full effect. Not a guaranteed prediction of what will happen at the end of the year, but a strong indicator of where the current trend is headed for the next couple of quarters. That’s how the Commerce Department. And hence the media has Cute Power Rangers Among Us Green Kinda Sus Shirt reported quarterly GDP movements for years. It’s more of an accurate number than quarterly numbers that other countries publish. Yet the stock market is now higher than before COVID. We’re being robbed in broad daylight by the rich and powerful to the tune of trillions of dollars while we’re left fighting for scraps.
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