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2020-05-23 Economy
Why are US shares performing so well when the economy isn't?
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Posted by Besoeker 2020-05-23 08:27|| || Front Page|| [1 views ]  Top

#1 Same reason Beijing real estate values are so high. The money has to go somewhere.
Posted by Iblis 2020-05-23 11:37||   2020-05-23 11:37|| Front Page Top

#2 TINA is Wall Street's favorite lady: There Is No Alternative.
Posted by Matt 2020-05-23 11:41||   2020-05-23 11:41|| Front Page Top

#3 "The Market" is a forward-looking bi-polar pricing mechanism that, more often than not, forgets to take its "meds."
Posted by Anomalous Sources 2020-05-23 11:58||   2020-05-23 11:58|| Front Page Top

#4 Same reason Beijing real estate values are so high. The money has to go somewhere.

Because life will go on. Electorates will get over the shock of pandemic deaths and resume normal activities, even in the face of hundreds of thousands of additional dead per year. The asterisk? Stores may require patrons to wear masks so they don't infect each other.

Bottom line, while whatever trillions of dollars of GDP were lost during the shutdowns are gone forever, that doesn't mean we're destined for permanent economic desolation. It’s not money that powers the West. It’s talent, knowledge, skill, access to materials and governments that mostly stay out of the way as those ingredients are used to make new products and services that revolutionize the way the world lives. The rest of the world lacks one or more of the above ingredients.

We're basically doing postwar recovery without the bombed-out cities, or the loss of hundreds of thousands or millions of young people at the peak of their productivity. It's hard not to be optimistic. Postwar booms
Posted by Zhang Fei 2020-05-23 14:34||   2020-05-23 14:34|| Front Page Top

#5 /\ Well said, Zhang.

And eventually the media will get their marching orders and move on to another "crisis". The damage to the economy is/will be real, though. If Trump and get some stifling regulations rescinded and perhaps even some tax code changes, the "post-war boom" might come even quicker.
Posted by Clem 2020-05-23 14:54||   2020-05-23 14:54|| Front Page Top

#6 England shut down for an entire summer in 1665; there were weeds growing on the streets of London because there was so little traffic. Commerce in the countryside was shut down, as well -- roadblocks and local militias shut down the roads. The following year London burnt down.

Modern economists don't see any break in England's economic growth through the 1600s.

The economy just needs to be unleashed; it will restart itself.
Posted by Rob Crawford 2020-05-23 17:21||   2020-05-23 17:21|| Front Page Top

#7 Those deaths mean inheritance which means more money in more pockets.

I hate to look at it like that but this is part of it.
Posted by Klem Kadiddlehopper 2020-05-23 22:10||   2020-05-23 22:10|| Front Page Top

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