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<blockquote data-quote="rickyb" data-source="post: 3348959" data-attributes="member: 56035">many people have the view that the stock market gains are tied to stimulus:<ol>
<li data-xf-list-type="ol"><a href="https://twitter.com/profwolff" target="_blank">Richard D. Wolff‏Verified account @profwolff</a>&nbsp; <a href="https://twitter.com/profwolff/status/960945056403267584" target="_blank">55m55 minutes ago</a> 
 
 
So now stock prices go down. Bottom line: capitalism is reminding us that alongside the immoral inequality it breeds, it also generates an instability of mammoth proportions and risks. We should also be reminded that human society can do better than capitalism. <a href="https://twitter.com/democracyatwrk" target="_blank">@democracyatwrk</a> 
 
 
Now that new leadership in Washington &amp; at the Fed make noises RE: slowing / stopping the long gov&#039;t boost (for fear of its outsized risks), we all face the risk on the other side: the risks of panic-selling of overpriced stocks, as happened last Friday and Monday. [Cont&#039;d] 
 
 
 
But everyone knows that stock prices were and remain dependent on the immense government boost and when that boost slows or stops, well who knows how far back down the stock market&#039;s prices might fall. [Cont&#039;d] 
 
 
 
That kind of boost brought &quot;recovery&quot; to corporations, the rich, those connected to the stock market. That&#039;s where all the new $$$ went. It bid up stock prices to wild, distorted levels. [Cont&#039;d] 
 
 
 
At that time, fear forced unprecedented &quot;stimulus packages entailing trillions in debt&quot;, injecting trillions of $$$ into the economy + record low interest rates, etc. [Cont&#039;d] 
 
 
 
The stock market&#039;s sudden sharp downward drop last Friday and again Monday is the distorted but partly logical follow-up to the distorted panic that followed the capitalist crash of 2008. [Cont&#039;d] 
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[QUOTE="rickyb, post: 3348959, member: 56035"] many people have the view that the stock market gains are tied to stimulus: [LIST=1] [*][URL='https://twitter.com/profwolff'][B]Richard D. Wolff[/B]‏Verified account @[B]profwolff[/B][/URL] [URL='https://twitter.com/profwolff/status/960945056403267584']55m55 minutes ago[/URL] So now stock prices go down. Bottom line: capitalism is reminding us that alongside the immoral inequality it breeds, it also generates an instability of mammoth proportions and risks. We should also be reminded that human society can do better than capitalism. [URL='https://twitter.com/democracyatwrk']@[B]democracyatwrk[/B][/URL] Now that new leadership in Washington & at the Fed make noises RE: slowing / stopping the long gov't boost (for fear of its outsized risks), we all face the risk on the other side: the risks of panic-selling of overpriced stocks, as happened last Friday and Monday. [Cont'd] But everyone knows that stock prices were and remain dependent on the immense government boost and when that boost slows or stops, well who knows how far back down the stock market's prices might fall. [Cont'd] That kind of boost brought "recovery" to corporations, the rich, those connected to the stock market. That's where all the new $$$ went. It bid up stock prices to wild, distorted levels. [Cont'd] At that time, fear forced unprecedented "stimulus packages entailing trillions in debt", injecting trillions of $$$ into the economy + record low interest rates, etc. [Cont'd] The stock market's sudden sharp downward drop last Friday and again Monday is the distorted but partly logical follow-up to the distorted panic that followed the capitalist crash of 2008. [Cont'd] [/LIST] [/QUOTE]

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