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Economy

Warpy

(111,245 posts)

2. That's possible and an explanation for part of it

Reply to bucolic_frolic (Reply #1)

Sun Jul 31, 2022, 04:40 PM

Jul 2022

The other part is the robber barons who sold just before Ukraine was invaded and sanctions seemed destined to cause a steep rise in oil prices. They've decided the market has fallen about as much as it was going to since oil prices have started to decline, so it's time to pump again, the dump coming next fall when energy prices go up again.

The SEC has been turned into a paper tiger by Republicans.

What is desperately needed is a transaction tax. We also desperately need a way to cut these ridiculous personal fortunes down to size, wealthy men always managing to be the enemies of democracy since they think money confers superior wisdom.

Some wages will rise in a tight labor market. We need Federal help to make sure all of them rise.

And some day we might even see a return to the progressive income tax.

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STOCK MARKET WATCH -- Monday, 1 August 2022 [View all] Tansy_Gold Jul 2022 OP

In my twisted mind markets are roaring because inflation is being allowed to run bucolic_frolic Jul 2022 #1

That's possible and an explanation for part of it Warpy Jul 2022 #2

nutshell Tansy_Gold Aug 2022 #3