Perry Glasser

WALL STREET PERVERSITY

In Business, Economy, EDUCATION, Finance, FINANCE FOR THE CLUELESS, Politics, Wall Street on February 9, 2018 at 5:26 pm

Dollar$ notes again that the financial community seems to be insane. Buccaneers and Wizards confound the simple Citizen who needs a money harbor other than a pillowcase. Until someone invents bedding that pays interest or dividends, that is likely to be a bad idea.

screwed1

Citizen

You may have read that the markets are down because of too much good news.

It’s true.

January 2018 saw a market run-up of breathtaking scope. The Weasel-in-Chief was smugly taking credit and taking Olympic Gold for World’s Worst Comb-over (Orange Division). Kids on the street were selling their bicycles and holding bake sales to pick up some bitcoin, wait a day or two, and then cash in expecting in a day or two to have enough money to buy a private Caribbean island that would be closed to those short-sighted ever-selfish Baby Boomers who ruined the Earth by inventing cell phones, expanding civil rights, and creating cheap birth control that begat Hook-Up culture, all while stupidly neglecting to shape a world where no one would have to work.

Mean or what?

WHEN GOOD NEWS IS BAD NEWS

The good news that rattled the markets is that more people are working and that the people working are earning more money. Wall Street, naturally, near soiled its underwear.

The bad news was that many people persist in believing that economies are a zero-sum game. If the notion of I win, you lose! rules the markets, what could be more awful than Citizens getting a bigger piece of the pie?

More people, more jobs, more money, that’s bad.

R-i-i-i-i-i-ight.

 

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