The GOLDEN RULE: Those that have the GOLD make the rules.
I learned long ago that the only ones that actually know what is going on are the very wealthy. (And I do not mean those with a few million.) I mean CEO's that earn $25 million a year and get stock options worth $100 million. Those guys.
They are in a special club and not likely to screw up by telling the rest of us anything. However I know a retired CEO that said, after many glasses of wine that the reason the stock market is back at Record highs despite Covid, no travel and millions of small business owners gone is:
1. Major Corporations can borrow money at ZERO interest rates. This is free money because they set up repayment far into the future while paying executives huge bonuses NOW.
2. Small businesses are crushed and their market share will eventually go to Major Corporations.
3. Safe retirement investments like CD's pay almost nothing tempting people to invest in the Stock Market with some of their savings.
4. The Dow has dropped OIL/Energy from their calculations. Oil/Energy is the TRUE MEASURE of everything as everything runs on OIL (No matter what you might want to believe) Oil/Energy stocks are down 50%. Exactly where we truly are.
5. Big Corporations will benefit no matter the election results. (I can't say why as that would trigger the forum sensors.)
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