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A comment on What Happens to Stocks and Cryptocurrencies When the Fed Stops Raining Money?. Parent comment

Re:What Happens to Stocks and Cryptocurrencies When the Fed ... by refurb on Sunday May 09, 2021 @04:31AM (#27094286)
Wages are so low? Wages are up.

There isn’t any demand, it’s all spent on necessities. So demand for necessities.

Majority of economic output is collect rents. Huh?

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Re:What Happens to Stocks and Cryptocurrencies When the Fed ... by jessaustin on Sunday May 09, 2021 @09:55AM (#27095907)
Wages are up.

Please familiarize yourself with reality. Wages haven't been up in my lifetime. Capital has been beating labor for five decades, and now that there's a slight chance that labor might claw back a small portion of its massive losses, all the temporarily embarrassed billionaires are eager to cry about it.

https://wtfhappenedin1971.com/

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Re:What Happens to Stocks and Cryptocurrencies When the Fed ... by refurb on Sunday May 09, 2021 @10:25AM (#27096134)
Nope. Before Covid real wage gains weee being made in the US.

https://www.census.gov/library/publications/2020/demo/p60-27...

The 2019 real median incomes of White, Black, Asian, and Hispanic households all increased from their 2018 medians [between 5.7% (Blacks) and 10.6% (Asians)] Percentage change in share of aggregate income was highest for the lowest income quintile (+1.8%). High income quintile saw decrease in share of aggregate income (-0.6%)

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