this post was submitted on 19 Nov 2023
277 points (86.5% liked)

politics

19144 readers
2239 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

  1. Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  2. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
  3. No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
  4. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  5. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

Register To Vote

Citizenship Resource Center

Congressional Awards Program

Federal Government Agencies

Library of Congress Legislative Resources

The White House

U.S. House of Representatives

U.S. Senate

Partnered Communities:

News

World News

Business News

Political Discussion

Ask Politics

Military News

Global Politics

Moderate Politics

Progressive Politics

UK Politics

Canadian Politics

Australian Politics

New Zealand Politics

founded 1 year ago
MODERATORS
 

The last time this happened, voters didn’t credit Bill Clinton. That may be a bad omen, or a good one.

If the stock market chose presidents, Joe Biden would be a shoo-in for reelection in 2024. The market rallied this month amid growing optimism about the economy, with the S&P 500 zooming 1.9 percent Tuesday on news that the consumer price index rose only 3.2 percent in October (compared to 3.7 percent in September). Stocks rallied again Wednesday on news that the producer price index fell 0.5 percent. Commentators are no longer debating whether the economy will experience a “soft landing” (i.e., a reduction in inflation without recession). The only question now is when it will arrive. The S&P 500 seems to have decided it’s already here.

But the stock market doesn’t choose presidents. Voters do, and polls continue to show they think the economy is in terrible shape. A Financial Times–Michigan Ross Nationwide Survey conducted November 2–7 is absolutely brutal on this point.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 1 year ago (1 children)

Inflation is better for people in debt since it makes it easier to pay back; a lot of farmers in the late 19th and early 20th century pushed for inflationary policies in part to make it easier to pay off bank loans.

Deflation is bad for two reasons. First, as mentioned, is that it doesn't encourage people to spend sooner in the market. Second is that it encourages investors to pull out their money from the market, since they may get better returns stuffing it in their mattress.

[–] [email protected] 1 points 1 year ago (1 children)

That only works for loans already taken out. A fresh loan will adjust to whatever the inflation/deflation rate is. Juicing the economy by helping out people who took out more money than what allows for a margin of error means we're just encouraging risky behavior. The reason for taking out a loan is that you expect that the money now will give better returns that just letting it sit. Let's say the deflation rate is 2% and you take out a loan at 1% interest. If you can't put that money to use better than growing at 3%, then it sounds like your business isn't viable anyway. It'd be like taking out a 5% loan at 2% inflation rate and failing to beat that.

If I buy stocks, I'm not technically investing in a company unless it was an initial sale of stock by the company and that usually isn't the case. Instead it's just speculation. So how is that different from letting it sit under a mattress economy-wise? Also, if you buy a stock and it goes nowhere, you've actually gained by whatever the deflation rate is, but under inflation, you've lost by however much the inflation rate is. Seems like inflation would only encourage people to pursue more aggressive (i.e. risky) returns.

[–] [email protected] 1 points 1 year ago (1 children)

Let’s say the deflation rate is 2% and you take out a loan at 1% interest

No one is going to lend you money at an interest rate lower than the deflation rate, ever.

If I buy stocks, I’m not technically investing in a company unless it was an initial sale of stock by the company and that usually isn’t the case. Instead it’s just speculation.

Every stock purchase is an investment in a company, always. That's literally what you're buying

So how is that different from letting it sit under a mattress economy-wise?

The money then gets spent, which does not happen under your mattress.

You've got some very foundational aspects of this entire process quite wrong.

[–] [email protected] 1 points 1 year ago (1 children)

Why wouldn't they lend you money at 1% when the deflation rate is 2%? Their money is worth 2% more plus they get 1% more from you.

Not every every stock purchase is an investment in a company, because you're buying off someone who is not the company. The company doesn't make that money. It's kind of like used sales vs new sales. Again, only when the company issues new shares or does an IPO do they make money off stock sale.

If I buy a stock and sit on it, that's essentially money sitting there. Whether it's cash or a digital record claiming I own X number of shares in a company, it's not doing much.

If I've gotten foundational aspects of this process wrong, you've yet to demonstrate how.

[–] [email protected] 1 points 1 year ago (2 children)

There are only a set amount of shares. Shares being in demand increases their price. I am sure you can see him w this does financially benefit the company.

Yes an IPO is when the most stock is sold, but new shares happen all the time. It's disingenuously pedantic to suggest purchasing stock is not an investment in a company, by both literal and figurative definitions.

[–] [email protected] 0 points 1 year ago (1 children)

There are only a set amount of shares. Shares being in demand increases their price. I am sure you can see him w this does financially benefit the company.

Sure, bud, in a regulated market without exemptions for market makers who can naked short sell (crate synthetic shares that do not exist) for the sake of liquidity. Or how about 90% of our market being traded off the tape without affecting prices?

Yes an IPO is when the most stock is sold, but new shares happen all the time. It's disingenuously pedantic to suggest purchasing stock is not an investment in a company, by both literal and figurative definitions.

He is pointing out past ipo you are speculating on growth, which is what trading is speculation, not guaranteed returns.

[–] [email protected] -1 points 1 year ago (1 children)

GameStop ruined the brains of a generation

[–] [email protected] 0 points 1 year ago (1 children)

Gamestop pointed out unfettered greed in the market that's supposed to determine the health of a society. While conviently pointing out the flaws in all our regulatory processes surrounding that market. It fucked the business plan of wall street, not anyone's brain.

[–] [email protected] 0 points 1 year ago

Yeah wall streets really hurting. For sure.

[–] [email protected] 0 points 1 year ago (1 children)

Purchasing stock off a secondary exchange is about as much investing in a company as purchasing a used game and hoping to resell it for a higher price. The company gets no money from these transactions. It's just glorified gamblers making money.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago) (2 children)

That's a gross over simplification to the point of being untrue. Besides the obvious facts that many companies continue to issue new shares on a regular basis, companies absolutely care about their stock prices for a variety of reasons, and not just so stockholders make money.

Start here if you really want to know more about how a company leverages its stock price, even when not selling more shares at the moment.

https://www.investopedia.com/investing/why-do-companies-care-about-their-stock-prices/

https://www.usatoday.com/story/money/columnist/krantz/2012/10/14/falling-stock-price-hurt-investors-company/1624761/

https://fairmontequities.com/how-does-a-decline-in-share-prices-affect-companies/

[–] [email protected] 1 points 1 year ago

Except stock price is based on a number of factors and does not necessarily match demand.

[–] [email protected] 1 points 1 year ago

many companies continue to issue new shares on a regular basis,

Not that often really, because shareholders can vote on those propositions and they generally would rather open a short position and gain back their investment then speculate on future growth prospects that are looking shaky needing more investment. More common in massive companies, you see share buybacks to entice big investors with the allure of we are doing well so we will buy back shares periodically to raise your investment. They do it enough and eventually as an investor you know they are going to offer more shares at some point so that control of the board does not become too consolidated, start a short position at that point wait for the next bottom and buy in before the next buyback to play both sides.