wylin

fantasy where I am hired at CNBC, and a finance guy is melting down on his losses.

me: this is terrible. we are sorry for your losses, your trading fortune has done so much for humanity. ehat will your losses mean for people who work for a living?

finance guy: (awkward silence)

Revolutionizing urban agriculture. Sustaining cities. Feeding the future. https://cityfarmers.xyz | interning at /nouns | Lead Dev at /nouns95

- The top 10% of Americans own 88% of equities, 88% of the stock market
- The next 40% owns 12% of the stock market
- The bottom 50% has debt
-Summer of 2024 more Americans were using food banks than they ever have in history

the market is at June 2024 levels and has yet to dip as hard on a % basis as it did in Q2-4 of 2022

perhaps equity holders & professional email senders could consider lifting themselves up by their bootstraps or learn to code & maintain manufacturing robots while their P/E ratios are being compressed as they suggested the blue collar workforce do while they suppressed wages, offshored industries, and socialized the 
cost of excessive risk taking through taxpayer funded bailouts

working on ambush and /noms :: nouns stan

Perhaps it means the vast amount of Americans who are exposed to the market have reduced purchasing power and can no longer buy what working for a living guy has on offer