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eazy-83 t1_j1z1fnq wrote

Reply to comment by EWJWNNMSG in The best part in movies is when the actor casually walks away from something they just blew up by Technical_Staff6949

What's your point?

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EWJWNNMSG t1_j1z295h wrote

That the stock market is not being destroyed, it is starting to get back to a sane level of normalcy and another -30% on all the hype stock might do us all good

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eazy-83 t1_j1z2ukm wrote

What is normalcy?

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EWJWNNMSG t1_j1z34pl wrote

Guess I am wasting my time here have a nice day

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eazy-83 t1_j1z3pb9 wrote

And you just proved my point. You can only accept your normal. Fact is this, your idea of normalcy isnt the same as others. What is JPow doing? He is literally trying to force people to lose jobs to bring down inflation, right? How is that normalcy? So there are people out there who are trying to live their "normal" lives, and then all of a sudden they get laid off just so we can get back to "normalcy?" If you don't find that abnormal, then you yourself are a waste of time.

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Qzy t1_j1zc7n9 wrote

Normalcy is not high inflation and bubble valuated companies like tesla.

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eazy-83 t1_j1zewg6 wrote

Actually it is. Because you are basing "normalcy" before pandemic levels. But the problem is, is you're negating the fact that normalcy then is different than normalcy now and completely ignoring the fact the the fed had printed 80% of the money(as of Dec2021) that is in existence in the last 2 years. Meaning that there is 500% the amount of money in the economy than there was in 2019. So if the total money is going to inflate, then it is actually quite normal for everything else to inflate with it. It's simple math. For things to not inflate, would actually be quite abnormal.

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Qzy t1_j1zlfk7 wrote

If you can generate $100,000 per year prepandemic, I would value your life 10x$100,000. Post pandemic due to inflation you now generate $110,000 - meaning you just gained 10% in your total valuation. It doesn't matter how much more money is printed for your valuation to change if it does the market is hoping for further increase in the future - but that wont happen because inflation will stop soon.

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Fizmo1337 t1_j1zav3e wrote

a recession is good to get all the useless zombie companies and bad companies out of business

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eazy-83 t1_j1ziee0 wrote

Theoretically I would agree, the problem is, is that it doesn't matter if it's a good or bad company because is going to protect the certain companies to protect economic hierarchy. We saw this back in 2008 recession

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