Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Fake News - The Stock Market is Back to a New High

Posted on 01/20/2024 4:28:29 AM PST by FarCenter

The mainstream media is reporting "This record-breaking market just keeps going higher and higher. Here’s why"

https://www.cnbc.com/2024/01/19/this-record-breaking-market-just-keeps-going-higher-and-higher-heres-why.html

A panel discussion on MSNBC was discussion why Biden isn't getting the credit for the great economy, with inflation coming down and the stock market making new highs.

The reason is that the stock market is actually about 9% lower than it was in December 2021 when adjusted for inflation. According to the Bureau of Labor Statistics inflation calculator, a December 2021 dollar is worth 91 cents today.

https://www.bls.gov/data/inflation_calculator.htm

And what goes for the stock market also goes for wages, Social Security payments, etc.

An income of $50,000 December 2021 is worth only $45,445 today.

From the beginning of the Biden Administration it is even worse. An income of $50,000 in January 2021 is worth only $42,638.21 today.


TOPICS: Business/Economy; Politics
KEYWORDS: stockmarket
Navigation: use the links below to view more comments.
first 1-2021-26 next last

1 posted on 01/20/2024 4:28:29 AM PST by FarCenter
[ Post Reply | Private Reply | View Replies]

To: FarCenter

There isn’t a whole lot of good news these days so I will take this one.


2 posted on 01/20/2024 4:45:57 AM PST by Sir_Humphrey (The “only Trumpers” are just as damaging to the conservative cause as are the “never Trumpers”)
[ Post Reply | Private Reply | To 1 | View Replies]

To: FarCenter
Team Brandon will be using a lot of these in the coming 10 months to talk about their record.


3 posted on 01/20/2024 4:49:56 AM PST by Apparatchik (Русские свиньи, идите домой!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: FarCenter

Inflation is the silent income tax. No forms to be filed, no checks to be written, no exemptions, no deductions, no refunds. An invisible hand removes your income and your wealth.


4 posted on 01/20/2024 4:50:58 AM PST by Raycpa
[ Post Reply | Private Reply | To 1 | View Replies]

To: Raycpa

It isn’t even just an income tax. As you point out, it removes wealth you already have.

The really cool part is that the government is rewarded, in the short-term, for mismanaging the dollar!

It is Adam Smith’s real “invisible hand”.


5 posted on 01/20/2024 5:19:11 AM PST by Empire_of_Liberty
[ Post Reply | Private Reply | To 4 | View Replies]

To: FarCenter

Billionaires pushing it up is all.
Peasants not so much...


6 posted on 01/20/2024 5:20:41 AM PST by Harpotoo (Being a socialist is a lot easier than having to WORK like the rest of US:-))
[ Post Reply | Private Reply | To 1 | View Replies]

To: Harpotoo

Nvadia Facebook Microsoft google and apple is keeping it up


7 posted on 01/20/2024 5:28:50 AM PST by personalaccts (Is George W going to protect the border?)
[ Post Reply | Private Reply | To 6 | View Replies]

To: FarCenter

Money has no place else to go, except for CD’s and T-Bills. That helps keep the market from imploding.


8 posted on 01/20/2024 5:30:00 AM PST by Bernard (We honor veterans who fought to keep this country from turning into what it now is. --Argus Hamilton)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Harpotoo
--- "Billionaires pushing it up is all. Peasants not so much..."

It has been reported the largest share -- circa 90% -- of the stock market players are the very rich and hedge funds. It would not surprise me that the "push" of headlines is an attempt to get the "peasants" into buying stocks, such that others can offload them. A coming reevaluation in time would catch up many. Inflation is indeed a tax, and the "interest" being paid on the so-called public debt is devaluing as we watch these days go by. Don't buy the frenzy, and don't buy the panic and fear either. And -- to our view -- don't consign your money/precious metals to be held in someone else's wallet.

9 posted on 01/20/2024 5:38:01 AM PST by Worldtraveler once upon a time (Degrow government)
[ Post Reply | Private Reply | To 6 | View Replies]

To: FarCenter

I know economy

Let me tell you this is fake news

Although the nasdaq and Dow jones are close to all time high , my portfolio is still -8.5% down from all time high from 2 years ago

I’m a heavy dividends guy and yet I am still -8.5% down

I hope in the next 2 years to be above my all time high once they start cutting rates.

Inflation and prices have skyrocketed and there is no way these prices are coming back down


10 posted on 01/20/2024 5:48:48 AM PST by forYourChildrenVote4Bush
[ Post Reply | Private Reply | To 1 | View Replies]

To: Apparatchik

Cherry 🍒🍒🍒🍒🍒 picker in action?


11 posted on 01/20/2024 5:49:51 AM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, y bought, they sold ......)
[ Post Reply | Private Reply | To 3 | View Replies]

To: FarCenter

Yes, the stock market has ups and downs. But over time it is far better than parking it in low yielding Treasury Bonds or Municipal Bond. The inflation rate is well over 15%, may be closer to 20%.

Result, shrinking economy and higher Fed Res interest rates. They are having a very hard time selling to the public.

Gold is not the solution, but there must be some discipline in monetary policy. What we have done for a very long time, no longer works. Why? Insane Fed Gov policy. And many criminal scalpers inside the Fed Gov.


12 posted on 01/20/2024 5:50:13 AM PST by Texas Fossil (Texas is not about where you were born, but a Free State of Heart, Mind and Attitude.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: FarCenter

Yes, the stock market is at record highs and so is the National Debt!!!!!!


13 posted on 01/20/2024 5:53:27 AM PST by Presbyterian Reporter
[ Post Reply | Private Reply | To 1 | View Replies]

To: Raycpa
Yes. You are correct.

AND. The Globalists want to use that to steal all liquid assets by reducing it's value to the point foreclosure on mortgaged property winds up in Fed Gov ownership. Confiscation of all assets. It will be complete if they get CBDC.

Klaus: “In 10 years wzees will all own nothing and be happy.”

Eat them “bugs” Klaus.

14 posted on 01/20/2024 5:59:27 AM PST by Texas Fossil (Texas is not about where you were born, but a Free State of Heart, Mind and Attitude.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: FarCenter

The stock Market has always been the place to go when trying to beat inflation. Mathematically, if the dollar gets cut in half, the price of a share of IBM doubles and so does the price of bread. So big money keeps buying into the market when big money thinks there is more inflation coming. Of course when you have to sell your IBM to buy the bread it all comes unglued.

Typically inflation moves stock prices up, Excessive, rapid and long term inflation can ruin the economy. The big money will leave the stock market causing a crash.

The only direct reason a stock price goes up or down is if there are more buyers or sellers of the stock.


15 posted on 01/20/2024 6:02:41 AM PST by Neverlift
[ Post Reply | Private Reply | To 1 | View Replies]

To: FarCenter

I went to KFC last night. It cost me $3 more.


16 posted on 01/20/2024 6:10:01 AM PST by roving (Deplorable Listless Vessel Trumpist With Trumpitis and a Rainbow Bully)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Neverlift

(Typically inflation moves stock prices up, Excessive, rapid and long term inflation can ruin the economy. The big money will leave the stock market causing a crash.)

Pretty much


17 posted on 01/20/2024 6:10:44 AM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, y bought, they sold ......)
[ Post Reply | Private Reply | To 15 | View Replies]

To: FarCenter

The reason The Stock Market is up is Trump is ahead in the polls and looks like Trump will win in November.


18 posted on 01/20/2024 6:13:14 AM PST by freedom1st (Build the Wall)
[ Post Reply | Private Reply | To 1 | View Replies]

To: forYourChildrenVote4Bush
I hope in the next 2 years to be above my all-time high once they start cutting rates.

I expect that is a forlorn hope.

There might be a sub-prime rate made available to certain government organizations or other "friends of the Democrats". They will call that a "rate cut". That might even happen just before the "election" of 2024. But you are not going to be eligible for that rate.

All smoke and mirrors. Interest rates on loans to the general public are going to remain high and eventually go higher. Interest rates on savings will remain close to zero, or even go negative. The stock market? It will probably go up - except for the stocks I pick ;)

19 posted on 01/20/2024 6:24:23 AM PST by flamberge (It's a big club - and you are not in it (George Carlin))
[ Post Reply | Private Reply | To 10 | View Replies]

To: Neverlift

Those trillions in new government-printed dollars have to go somewhere.


20 posted on 01/20/2024 6:35:10 AM PST by CFW (I will not comply!)
[ Post Reply | Private Reply | To 15 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-26 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson