Wandering Adventure Party

@atomicpoet
13% is lot. No one should expect those kinds of returns on investment year-on-year in a healthy economy. It’s larger than inflation or interest or population growth or worker earnings, or even all of those added together. What real-world value can that possibly be meaningfully related to?

@atomicpoet
They're connected, but not the same. The stock market has been doing very well for the last few years, but none of that wealth has come down to many people. Conversely, I've lived through many stock crashes which affected my life not at all.

The economy is not the market.

@atomicpoet

Anyone who has a good pension is probably richer than most people. And if you're not about to retire in the next few years, then a market dip doesn't really hurt you, assuming it recovers somehow.

But a year of two of unemployment can completely destroy you.

@atomicpoet
I don’t care about stock market crashes. Who gives a shit about what rich people own? The problem is the economy collapsing, as employers cut jobs and people can’t spend.

And that is -very- predictable, if huge investments have been made in something clearly worthless.