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Asian markets higher after Wall St rises on better U.S. data

9 Comments
By JOE McDONALD

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9 Comments
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Market's definitely overbought.

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Just 2 months ago many commenters here were claiming this was all Trump's fault. So, is this also Trump's fault?

Mom always said, "Volatility provides opportunities."

The world is changing. Less oil-based fuels, more renewable energy. Less police abuse, more listening and understanding. Less authoritarian govt leaders, more representatives for the people.

The next elections around the world will all push the pendulum back towards the center after being too far left and too far right. Things will get done in the middle as a current generation of leaders choose to retire.

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Mom always said, "Volatility provides opportunities."

Yep. That's why people of Trump's class - the elite - have added nearly $300 billion to their values during the time of covid, while millions have lost their jobs and livelihoods.

The idea that somehow Capitalism is a success and Communism is a failure? Notice how the outcomes are exactly the same? A two-class society, with a group of upper-elites, who get rich off our backs, and have immunity from the law.

Yay capitalism.

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Better u.s datas ???.

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Yep. That's why people of Trump's class - the elite - have added nearly $300 billion to their values during the time of covid, while millions have lost their jobs and livelihoods.

What would make you happy? If everyone lost the jobs?

What? That makes no sense. Someone pays attention to their investments, believes the markets will behave badly, sells some assets, then when it is the worst day a few months later, that person, buys some investments back and somehow that makes you think of class warfare?

Without investors, people willing to take risks, there wouldn't be businesses, payrolls, bank loans. Why else would govts around the world be concerned about how their investment markets do? Hint: it isn't a big conspiracy to keep the poor people poor.

How many Communist countries have provided good lives for most of their people and let them freely enjoy all the world has to offer? It doesn't matter.

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What would make you happy? If everyone lost the jobs?

Come on, I generally find your opinions to be of value, even when I don't necessarily agree. But do you really think I'd be happy if everyone lost their jobs?

My comment was a condemnation on a system where a stiumulus bill worth trillions increased the wealth of the super elite by a ridiculous amount, while millions of people at the bottom suffer.

I didn't put forward a solution, but that doesn't mean I believe the opposite to be true.

Other countries dealt with this a lot better. Forcing companies to guarantee salaries and employment, with government backing, would keep everyone in their jobs.

Giving companies money results in the same thing that happens any time you give companies money - as many people as possible pocket as much as they can, and the peons are left scrambling at the bottom.

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How many Communist countries have provided good lives for most of their people and let them freely enjoy all the world has to offer?

None? But my point is that unbridled Capitalism isn't providing that either.

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The economy, almost anywhere in the world, is suffering dramatically because of the pandemic. The stock markets are not reflecting the underlying economic reality. Seems to me that eventually the stock markets will go back to reflecting reality, and that may get ugly.

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Other countries dealt with this a lot better. Forcing companies to guarantee salaries and employment, with government backing, would keep everyone in their jobs.

I can agree on that. Govt loans and aid should always come with strings that help the country AND prohibit any bonus payments until the loan terms, with interest, are repaid.

But the US isn't a Socialist country, so selling that to the representatives probably would have failed.

The fastest way to get people fed is to pay companies to feed them.

The fastest way to get PPE for everyone is to pay companies to make those things.

The fastest way to get treatments and vaccines created so to pay companies to make them.

Govts attempting to do those things almost aways screw up the result or fail. There is a profit motive which is proven to work. Usually, it is the most efficient, but sometimes, when speed is THE MOST IMPORTANT requirement, some waste and graft is acceptable.

The US doesn't have unbridled capitalism. I've worked in 2 industries where the govt set the rules. Talk about waste. I've seen $500M projects canceled. About 80% of that was towards salaries, unrecoverable. The other 20% was for equipment which we repurposed, thankfully. This was in a large, public, company in a govt regulated business with clients around the world. I've also worked in 7 companies where there wasn't any govt regulation besides tax rules. We had very little waste in those companies.

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