News for hackers. Stuff that matters.
Re:Why Is the Stock Market Booming? by lucb1e on Friday April 10, 2020 @01:22PM (#22835117)
Is it bad for the economic market and current company earnings to be disjoint? I'm not an economist and perhaps I'm reading too much into the ".. again" but it sounds like you find this very bad and I don't know enough about macroeconomics to know why this is bad.
Re:Why Is the Stock Market Booming? by caseysoftware on Friday April 10, 2020 @01:27PM (#22835172)
It encourages risk taking towards the extremes. To make it concrete:

- If you go to the casino with your own money, rational people will gamble what they can afford to lose.

- If you go to the casino but are told that whatever you lose, someone else will cover your losses, how much will a rational person gamble?