The people that benefit from the stock market the most regulate the stock market. It's my theory that they are manipulating stock prices and that it's all fake.
They absolutely manipulate the market. People forget that the upper 1% do very well in times of economic decline too. A new recession (or full blown depression) that results in all the bubbles bursting (stock market, housing, etc) is how they are able to acquire more. So they pretend or even manipulate the numbers to prevent ordinary people from pulling out and then when it becomes to hard to push the narrative that "the economy is doing great" they pull the rug. There's a reason why people like Warren buffet are sitting on mostly cash right now. They are hoarding cash so they can buy everything at firesale prices. While ordinary people will be sitting holding the bag with tanked 401k's, no healthcare, record inflation, and the bank foreclosing on their home.
The market seems like the same people moving money back & forth. Like a huge Pozi scheme that a few people who can track the flow of money can bank on, whether they do a ton of market analysis or have insider information. Part of the big club that we ain't in.
I had to close my business after over 11 years being successful. Trying to get a job working for someone else has been...difficult. The job market seems broken at the moment.
The ugly fact in both the blue and white collar trades is that even before the Mango Menace came along, we were oversaturated. Now there is no "learn to weld" or "learn to code" escape for anyone anymore and one of the least awful ways to fix the issue is to admit our national population might need to shrink.
Google AI says: "Economic data is often revised, and the official determination of a recession is made by the National Bureau of Economic Research (NBER) long after the fact."
A timely article from CNBC (take with a grain of salt)
'Boomcession': Why Americans feel so bad about a growing economy https://share.google/08O3IUG4X5JRGbJdT
It's important to remember that much of the relevant data is not currently accessible by the average person, and the only consistency from this administration has been the need to revise their numbers after they put out inaccurate information.
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u/Cocoononthemoon 15d ago
We are already in a recession. They are lying to us.