News this week that inflation eased more than expected in October solidified the view that the Federal Reserve is done with its most aggressive rate-hike campaign in four decades.
And that could be a boon for the stock market and your 401(k).
News this week that inflation eased more than expected in October solidified the view that the Federal Reserve is done with its most aggressive rate-hike campaign in four decades.
And that could be a boon for the stock market and your 401(k).
Oh good! The imaginary numbers will get larger.
You shouldn’t dismiss those as imaginary as money doesn’t pop out of thin air. All those gains need to be created by real workers being exploited harder elsewhere.
When tech companies that have never made a profit are still being traded for significant amounts of money per share, I’d call it imaginary numbers.
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“I’m confident that this company that has never made money will make money someday, so I’m going to pay $30 a share for it” still sounds like it’s imaginary money to me.
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That’s because you don’t understand how new and growing companies work. You don’t show a “profit” if you invest your revenue back in the company.
No, it’s called expected value. Amazon never made a profit for decades until it did.
Bezos opened Amazon in 1994, took it public in '97 and in 2003 it earned its first full-year profit. So 9 years to be exact.
source and source
I mean the fact that it didn’t have a profit for many years after that. Until 2017 it was essentially 0 profit because Bezos kept reinvesting the money back into the business
I prefer potential money. Still imaginary, but “could be” money.
Interest means that money does, in fact, pop out of thin air.
The green line requires blood.
The numbers are imagined and have a weak relationship to how many ppl get exploited, but the system as a whole does make people exploit others.
The reality is that’s what billionaires and, by proxy, the rest of us actually live on.