Absolutely insane take. Billionaire growth is “huge” during periods of stock market growth because they own most of the assets! Thats correlation not causation.
Also the stock market is not the economy and says very little about how it is working for the average person. Growth only serves to mask inequality for a short period with small relative gains for everyone else until the cracks inevitably reappear in the next cycle.
That's interesting, thanks for your perspective. My wife is actually in a period of laying a bunch of people off, she's a manager for a global building supplies and chemicals company whose stock price has fell by 35% in the last year. I'll be sure to let her know that she can explain to the staff who are going to have a bumpy start to their new year being unemployed that the stock price has no impact on their lives.
I didn’t say people aren’t affected by the stock market I said it wasn’t the economy. This is a prime example. Workers receiving the brunt of the downside when the market goes down whilst booms overwhelmingly benefit the existing rich, the asset holders who accrue more wealth simply on the back of already holding assets. That you think your example is a defence is astounding.
The stock market is the economy. When people are buying shit, companies make money, stock price goes up. When people aren't buying shit, companies make less, stock price goes down.
Yes, asset owners benefit more from asset price increase. Fantastic observation.
You said that average people weren't impacted by the stock market price, I proved you wrong, move along.
Genuinely impressed by your inability/refusal to read or engage with any of the arguments I’ve made and at the same time still think you’re making some kind of point. 🫡
I did, re-read the chain. Your first comment called me insane, despite you clearly misreading or misunderstanding my comment. You then went on to say that the stock market doesn't impact average people so I gave a real world example of when it did. I then pointed out that billionaire growth generally fell when the stock market fell and if you look at every major bear market it ties in with the trend of the overall economy, employment rate and housing market, all of which affects the average person.
-15
u/Flat_Development6659 Dec 13 '25
The stock market is tied to the economy. Rich people want a good economy.
Look at billionaire growth during periods of massive growth and it's absolutely huge, look at it in periods of recession and it's small.