RufusFirefly
Retired IT guy, all-around nuisance
Who cares about downvotes? That’s a Reddit thing. I’m an old white guy but I vote Democrat all the way down ticket every time. I was a big Bernie Sanders supporter. What I do not like is virtue signaling and forcing diversity into various media when it’s not necessary. Call that anti-woke if you want.
They put Bluetooth in our apartment complex laundromat and if you don’t have a smart phone or Internet service on your phone, you don’t do laundry.
Granted, the actual definition of “woke” is a far cry from what the media, especially you tubers and the Twitter mob make it out to be. People on both sides but especially the right call it the “woke virus”, when wokeism is basically just being aware of the societal pressures put on people of different races, genders etc.
I stopped watching network television because of ads, then I stopped watching free streaming because of too many ads (Pluto TV, Crackle), I get a basic subscription to Paramount through Walmart and I stopped watching that because of the ads. I have an Amazon prime subscription because I get it for one half off but I rarely use prime video an if they start showing ads, I won’t use it at all.
I’m 64 and still pretty far left, except I don’t get into the whole “woke” thing. The extreme left is a bit wacko but not as wacko as the extreme right.
Understood. Whether or not we are replicating economic conditions from 1929 is another story entirely. Other than AI, there really isn’t too much of a stock market bubble. The S&P 500 P/E ratio is lower than pre-pandemic and the Buffett indicator(US stock market value divided by GDP) is still well within a safe range. 1929 was pre-globalization, pre-SEC and there were next to no banking regulations at the time. The Internet bubble of 2000 with its insane speculation more closely resembled the crash of 29 than does the current market conditions. The 2008 housing debacle was primarily too much leveraged mortgage debt.
I’m not a student of economics and haven’t studied much of it but I have owned stocks for quite a few years and have a basic understanding of how money works.
I’m not an economist but anecdotal evidence that I’ve picked up from a number of different sources in the last couple of years lends me to believe that consumer debt is pretty darn high. This is from the Federal Reserve and what else is an average schmuck supposed to look at?