To all the utterly clueless Red Herd:
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Its Communism. This country will now fall. It's over. Watch and learn.Comment -
Settle down Francis.
Traditionally the markets have worked well with a Democratic President.Comment -
Hey Fredo, you wise guy, how did that stock market manage to stay about 30K with the country shut down (and world) for almost a whole year? What are you pinching into your pipe Fredo?
The chart shows the returns on the St. Petersburg Stock Exchange and the New York Stock Exchange from 1865 to 1917 (the data is in U.S. dollar terms and excludes dividends). During that period, Russia clearly outperformed the United States.
Russia was a big “emerging markets” development story in the late 1800s and early 1900s. It had around the sixth-largest stock market in the world and was a major recipient of foreign loans and investment, especially from France.
Then the Great War occurred between 1914-1919. Wall Street closed for six months and European markets shut down. The St. Petersburg Stock Exchange opened briefly in 1917, but when the Communists under Lenin took over, the old St. Petersburg Stock Exchange building, founded in 1865, was closed and eventually became a naval museum.
Karl Marx labeled publicly traded securities “fictitious capital,” and one of the first things the Bolsheviks did when they took over was to close the stock exchange as a case of the “vulgar” economy of the “reactionary” bourgeoisie. Russian citizens, rich and poor, lost millions.
A stock market was a no-no in the Soviet Union and other communist countries. Under communism, ownership of land, factories, companies … belonged to the state or, as the leaders liked to put it, the people. There was no share of ownership to be bought and sold, and hence, no stock market. There was not even a market for meat, vegetables, clothing, machinery, equipment and capital goods. In short, there was no need for money and exchange.Comment -
Hey Fredo, you wise guy, how did that stock market manage to stay about 30K with the country shut down (and world) for almost a whole year? What are you pinching into your pipe Fredo?
The chart shows the returns on the St. Petersburg Stock Exchange and the New York Stock Exchange from 1865 to 1917 (the data is in U.S. dollar terms and excludes dividends). During that period, Russia clearly outperformed the United States.
Russia was a big “emerging markets” development story in the late 1800s and early 1900s. It had around the sixth-largest stock market in the world and was a major recipient of foreign loans and investment, especially from France.
Then the Great War occurred between 1914-1919. Wall Street closed for six months and European markets shut down. The St. Petersburg Stock Exchange opened briefly in 1917, but when the Communists under Lenin took over, the old St. Petersburg Stock Exchange building, founded in 1865, was closed and eventually became a naval museum.
Karl Marx labeled publicly traded securities “fictitious capital,” and one of the first things the Bolsheviks did when they took over was to close the stock exchange as a case of the “vulgar” economy of the “reactionary” bourgeoisie. Russian citizens, rich and poor, lost millions.
A stock market was a no-no in the Soviet Union and other communist countries. Under communism, ownership of land, factories, companies … belonged to the state or, as the leaders liked to put it, the people. There was no share of ownership to be bought and sold, and hence, no stock market. There was not even a market for meat, vegetables, clothing, machinery, equipment and capital goods. In short, there was no need for money and exchange.
And hey, Fidel Fredo.......don't worry. Your investments are safe........for now
Stocks rally to a record as Biden sworn in,
Netflix soars - Wall St Couldn't Care Less
Which Puppet Is In The White HouseComment -
willyboyyy is now an economic expert, to go along with his expertise on bioscience and political science...... he must have a lot of time to read those books living in his mother's basement.
In actuality, willyboyyy is nothing more than the Cliff Claven of SBR.Comment -
Markets predicting mass inflation coming...Comment -
There's a lot of juice, but inflation never occurs (and this is a variable term - define what you are talking about) until people believe that they better buy stuff now, for fear of increasing prices and/or a real loss of faith in government, even understood by average Joe.
That is not currently the scenario. Since I'm not average Joe and I know what's coming, I am positioned accordingly.Comment -
Trying to sucker in more longs before shorts take over. Give it 6 months.Comment
