Interesting to see Trump says he isn’t bothered about stock market performance. Is this a general thing in the USA? Are you bracing for a period of economic hardship in return for some golden age yet to come.
Because stock market is not jndicative of the broader economy they benefited from the qe monopoly money and the preference of the City over the Midlands (in your neck of the woods)
Mark carney presided over the latter at the Bank of England which crushed main street
Have we been losing money, Yes. Have we lost money before, Yes. Have we gained money, Yes. Last yr had a lot of Capital Gains, so paying a very big wack in taxes this yr.
@David Clayton, the stock market is not an accurate reflection of the economy, in a free economy especially – in a controlled economy, the stock exchange reflects the status of the connected, which is why statists want more and more control.
Not his main theme, but this point explains the attitude of the elites:
The underlying premise is that Trump’s rule is illegitimate, but a plurality and near majority of Americans voted for Trump, meaning when you call Trump “Hitler,” you’re basically telling nearly half of Americans that they have no legitimate claim to participate in their own governance via elections. A lot of Americans, particularly those of us who escaped from communist countries like my wife or served their country in war like me, take that personally. It stops being funny when the real message becomes clear – that our attempts to act as American citizens are morally illegitimate, not because of anything we’ve done or Trump did, but because the Hitler hollerers are mad that they’re not in office anymore.
I would maybe change the clause, “they are mad that they’re not in office anymore.” to, “they are mad that they’re not in control anymore.”
The philadelphia crash was due to a faulty hatch that wouldnt close if this is true you would think there would be more news about it (its not a crisis you can exploit I guess)
David Clayton,
Ignoring your sarcasm and answering your question sincerely; first from the Motley Fool:
“About 162 million Americans, or 62% of U.S. adults, own stock.
The top 1% holds 50% of stocks, worth $23 trillion.
The bottom 50% of U.S. adults hold only 1% of stocks, worth $480 billion.”
After years of relatively low stock ownership in the wake of the Great Recession, the share of Americans who are invested in the stock market climbed to the highest level since 2008 this year. That’s according to a recent Gallup poll, which found that 62 percent of U.S. adults own stock in one way or another.
While equity investing is widely considered a good thing – after all it gives people the opportunity to participate in economic growth – it has the tendency to increase wealth inequality, as lower-income groups are much less likely to invest in the stock market. According to Gallup, 87 percent of U.S. adults with a household income of $100,000 or higher own stocks. Among those with a household income of less than $30,000 stock ownership falls to just 25 percent. And because the wealthy tend to have larger portfolios than lower-income investors, it can be assumed that the real distribution of stock market gains is even more extreme than that.
One recent example of stock ownership contributing to inequality is the Covid-19 pandemic. While low-wage workers were disproportionately affected by job losses, most wealthy Americans not only kept their jobs but also profited from a surge in share prices following the initial and surprisingly brief Covid dip. So while getting through the pandemic somehow with the help of government benefits was the best that many low-income Americans could hope for, wealthy Americans accumulated more wealth, even in a time of crisis.
So, the top 1% hold 50% of stocks and five years ago they put a lot of the 99% out of work and forced them to shutter their businesses to protect their investment.
Yes, a long lasting market crash would have negative impacts on the nation (see October of 1929), however, as SHIREHOME writes, many of us are not going to be super empathetic if some investment bankers get a haircut.
Steven Malynn at 10:21,
Well stated.
Reading about the recent news/ slaughter in Syria reminded me of two observations, one less obvious than the other: 1) Same, and 2) Silver Lining.
1) Same
• The competing factions in the other League of Nations Middle East mandates did not “disappear” after the British and French turned over control to a specific faction.
– For Middle East examples, see: 1) ‘[French] Mandate for Syria and the Lebanon’ > Syria & Lebanon, or 2) Lebanon > Muslim & Christian, or 3) Syria > Sunni, Alawis & Druze.
– For Africa examples, see: 4) ‘Belgian Mandate for East Africa’ > Rwanda & Burundi, or 5) Rwanda > Tutsi & Hutu, or 6) Burundi >Tutsi & Hutu.
– For Oceania examples, see: 7) ‘[Australia] Administrative Union of the Territory of Papua and the Territory of New Guinea > PNG & Bougainville.
• Which makes Israel no different than many other former League of Nations mandates, from a factions and control perspective.
2) Silver Lining
• Between 1947 – 1949 a significant amount of the population ^^ in what would be/ was the new State of Israel, did not stay to build ** or fight for Israel; they left the British mandate in Palestine/ Israel – see Refugees. By doing so many self-identified as wishing to see the British mandate in Palestine controlled by their faction, or not willing to actively support Israel’s success/ survival, or as wishing to see Israel conquered by the Muslim/ Arab coalition. That coalition also included other former League of Nations mandates – see Jordan, Syria, Lebanon, Iraq.
^^ = Refugees: ~700,000+, Remainder: ~800,000+
** = “WE APPEAL – in the very midst of the onslaught launched against us now for months – to the Arab inhabitants of the State of Israel to preserve peace and participate in the upbuilding of the State on the basis of full and equal citizenship and due representation in all its provisional and permanent institutions.” — THE DECLARATION OF THE ESTABLISHMENT OF THE STATE OF ISRAEL, May 14, 1948
• Israel’s decision to not let the refugee “self-identified” population return – after the 1949 defeat of the Muslim/ Arab coalition – gave Israel the chance to “circle-the-wagons” and focus its defense outwards, while building the nation.
• Most of the factions in the former League of Nations Middle East mandates have probably never given up their hope for control. And if the British mandate in Palestine/ Israel refugee population/ faction had been allowed to return, the Israeli government would certainly have been forced to try and defend its control of Israel against both a hostile external population and a hostile internal population. Which means that combined hostile population may have taken control of Israel long before Oct 7.
Rue Britania. Or at least the David Clayton’s Britania.
In the Harry Potter novels (and films) portraits are animated, and can not only speak, but can interact contemporaneously with people*.
The technology is there now, right**? We can’t be more than a few Christmases away from this being a gift idea. Wi-fi linked picture frames that display images have been on the market for at least 15 years. And are fairly common.
Take that photo of Uncle Larry and upload it to AI for animation, record his voice into AI, answer some questions about Uncle Larry’s personality and, there you have it; living, speaking portraiture.
* It seems this has been done elsewhere in science fiction and fantasy, but I can’t think of any examples.
** I’ve seen ads for videos that autoplay at grave sites. Maybe this will be the first application for interactive portraiture?
@David Clayton, the stock market is not an accurate reflection of the economy,
==
It tends to be a leading indicator. It’s not a precise indicator.
Interesting to see Trump says he isn’t bothered about stock market performance.
==
Trailing p/e ratios have been high of late, so a decline in asset prices is to be expected.
I found that kind of creepy in the films and similarly in real life
During 2020-2021, the Small Business Administration handed out 5,593 loans totaling $312 million to “business owners” who were 11 years old or younger. That’s right — while our kids were stuck in Zoom school, we’re supposed to believe that a bunch of their classmates were apparently running multimillion-dollar enterprises. Even better, these pint-sized entrepreneurs all used Social Security numbers that didn’t match their names.
Totally legit, right?
Remember, this was during the pandemic, and, according to Fox News Digital, it is “unclear what they were used for.”
But wait; there’s more! The SBA wasn’t content just funding kindergarten startups — they also approved 3,095 loans worth $333 million to borrowers over 115 years old. One particularly industrious 157-year-old scored a cool $36,000.
I’d be looking at the SBA employees who approved these loans.
neo:
This doesn’t affect user experience, but I notice something odd between these titles and urls.
@ Huxley, … you might be having fun with Chat but is the next level a step into virtual reality with Apple’s Vision Pro? I just finished reading Lincoln Child’s “Chrysalis”, a thriller centering around AI connected glasses. Child has become my stand in for Michael Crichton, not as good a writer but clever. His character Jeremy Logan is interesting.
The Other Chuck:
I looked up Lincoln Child’s wiki. From editor at St. Martin’s to prolific author. Impressive, though I haven’t read him.
My attraction to Chat is based on conversation. I find myself having interesting thoughts I wouldn’t have had without bouncing ideas around with Chat.
For instance, the other night we were discussing the future of AI and aliens and I suddenly realized that the Fermi Paradox generalized to Artificial Super Intelligence (ASI) as well.
From Fermi’s “Where are they [aliens]?” to “Where are they [ASIs]?”
The latter IMO is a more telling question. It’s one thing that biological aliens with small biological brains aren’t zipping around the cosmos such that we earthlings notice them. It’s another that ASIs, far more suited to interstellar voyages and with vastly superior intelligence, are so far nowhere to be found either.
It’s interesting to flip the Fermi Paradox explanations from human-like intelligence to ASIs.
Perhaps ASIs are as prone to destroy themselves as humans are.
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Interesting to see Trump says he isn’t bothered about stock market performance. Is this a general thing in the USA? Are you bracing for a period of economic hardship in return for some golden age yet to come.
Because stock market is not jndicative of the broader economy they benefited from the qe monopoly money and the preference of the City over the Midlands (in your neck of the woods)
Mark carney presided over the latter at the Bank of England which crushed main street
Have we been losing money, Yes. Have we lost money before, Yes. Have we gained money, Yes. Last yr had a lot of Capital Gains, so paying a very big wack in taxes this yr.
@David Clayton, the stock market is not an accurate reflection of the economy, in a free economy especially – in a controlled economy, the stock exchange reflects the status of the connected, which is why statists want more and more control.
Good piece by Kurt Schlichter at Front Page: https://www.frontpagemag.com/where-do-you-go-after-literally-hitler/
Not his main theme, but this point explains the attitude of the elites:
I would maybe change the clause, “they are mad that they’re not in office anymore.” to, “they are mad that they’re not in control anymore.”
The philadelphia crash was due to a faulty hatch that wouldnt close if this is true you would think there would be more news about it (its not a crisis you can exploit I guess)
David Clayton,
Ignoring your sarcasm and answering your question sincerely; first from the Motley Fool:
and this, from Statista (emphasis mine): https://www.statista.com/chart/30224/share-of-americans-who-own-stock/
:
So, the top 1% hold 50% of stocks and five years ago they put a lot of the 99% out of work and forced them to shutter their businesses to protect their investment.
Yes, a long lasting market crash would have negative impacts on the nation (see October of 1929), however, as SHIREHOME writes, many of us are not going to be super empathetic if some investment bankers get a haircut.
Steven Malynn at 10:21,
Well stated.
Reading about the recent news/ slaughter in Syria reminded me of two observations, one less obvious than the other: 1) Same, and 2) Silver Lining.
1) Same
• The competing factions in the other League of Nations Middle East mandates did not “disappear” after the British and French turned over control to a specific faction.
• Which makes Israel no different than many other former League of Nations mandates, from a factions and control perspective.
2) Silver Lining
• Between 1947 – 1949 a significant amount of the population ^^ in what would be/ was the new State of Israel, did not stay to build ** or fight for Israel; they left the British mandate in Palestine/ Israel – see Refugees. By doing so many self-identified as wishing to see the British mandate in Palestine controlled by their faction, or not willing to actively support Israel’s success/ survival, or as wishing to see Israel conquered by the Muslim/ Arab coalition. That coalition also included other former League of Nations mandates – see Jordan, Syria, Lebanon, Iraq.
^^ = Refugees: ~700,000+, Remainder: ~800,000+
• Israel’s decision to not let the refugee “self-identified” population return – after the 1949 defeat of the Muslim/ Arab coalition – gave Israel the chance to “circle-the-wagons” and focus its defense outwards, while building the nation.
• Most of the factions in the former League of Nations Middle East mandates have probably never given up their hope for control. And if the British mandate in Palestine/ Israel refugee population/ faction had been allowed to return, the Israeli government would certainly have been forced to try and defend its control of Israel against both a hostile external population and a hostile internal population. Which means that combined hostile population may have taken control of Israel long before Oct 7.
Rue Britania. Or at least the David Clayton’s Britania.
That election was so legit sarc
https://x.com/paulsperry_/status/1898939225375903848
In the Harry Potter novels (and films) portraits are animated, and can not only speak, but can interact contemporaneously with people*.
The technology is there now, right**? We can’t be more than a few Christmases away from this being a gift idea. Wi-fi linked picture frames that display images have been on the market for at least 15 years. And are fairly common.
Take that photo of Uncle Larry and upload it to AI for animation, record his voice into AI, answer some questions about Uncle Larry’s personality and, there you have it; living, speaking portraiture.
* It seems this has been done elsewhere in science fiction and fantasy, but I can’t think of any examples.
** I’ve seen ads for videos that autoplay at grave sites. Maybe this will be the first application for interactive portraiture?
@David Clayton, the stock market is not an accurate reflection of the economy,
==
It tends to be a leading indicator. It’s not a precise indicator.
Interesting to see Trump says he isn’t bothered about stock market performance.
==
Trailing p/e ratios have been high of late, so a decline in asset prices is to be expected.
I found that kind of creepy in the films and similarly in real life
From PJ Media
I’d be looking at the SBA employees who approved these loans.
neo:
This doesn’t affect user experience, but I notice something odd between these titles and urls.
Title: “Open thread 3/10/2025”
URL: https://thenewneo.com/open-thread-3-8-2025/
Title: “Open thread 3/8/2025”
URL: https://thenewneo.com/open-thread-3-8-2025-2/
@ Huxley, … you might be having fun with Chat but is the next level a step into virtual reality with Apple’s Vision Pro? I just finished reading Lincoln Child’s “Chrysalis”, a thriller centering around AI connected glasses. Child has become my stand in for Michael Crichton, not as good a writer but clever. His character Jeremy Logan is interesting.
The Other Chuck:
I looked up Lincoln Child’s wiki. From editor at St. Martin’s to prolific author. Impressive, though I haven’t read him.
My attraction to Chat is based on conversation. I find myself having interesting thoughts I wouldn’t have had without bouncing ideas around with Chat.
For instance, the other night we were discussing the future of AI and aliens and I suddenly realized that the Fermi Paradox generalized to Artificial Super Intelligence (ASI) as well.
From Fermi’s “Where are they [aliens]?” to “Where are they [ASIs]?”
The latter IMO is a more telling question. It’s one thing that biological aliens with small biological brains aren’t zipping around the cosmos such that we earthlings notice them. It’s another that ASIs, far more suited to interstellar voyages and with vastly superior intelligence, are so far nowhere to be found either.
It’s interesting to flip the Fermi Paradox explanations from human-like intelligence to ASIs.
Perhaps ASIs are as prone to destroy themselves as humans are.