Sure, but that would happen on an individual basis and not in aggregate. Unless monetary supply grows outside of economic growth (leading to inflation), the market as a whole should not be worth more than it's constituent parts.
zephyreks
joined 2 years ago
A stock market that always goes up is just poor allocation of capital, right? Wealth must come from somewhere and flow somewhere. If a stock market continues to see growth, it inherently means wealth will flow towards those with the greatest stock value (the shareholders). By extension, wealth must be created by the workers, and this type of stock market serves only to transfer wealth from workers to shareholders.
A stock market is supposed to be used to efficiently allocate capital between different options, so assessing the aggregate value of a market sounds like it doesn't capture the actual point of the market, right? Assuming no economic growth and fixed interest in an entirely free market, you'd expect that stock market returns should be ~nil since it should efficiently allocate capital to where it's needed: profit in one sector and loss in another sector should equalize.
All this is to say: Japan's Nikkei has been going up despite a recession, and China's Hang Seng has been going down despite 5% growth. Yet, everyone points to the Chinese stock market as if it's an indicator for China's economy.
Ok but seriously, if you get the chance travel to Xinjiang. The food is incredible, the province is so incredibly beautiful, there's a ton of magical historical sites, and people there are very friendly.
At that point you might as well say "Happy New Year" to better capture the spirit of the holiday. Calling it the Lunar New Year just serves to tamp down on what is the new year to many cultures.
For what it's worth, that's what I say - happy new year with no modifier.
I was surprised too.
Israel's strikes on Rafah during the Superbowl ig
Why do people call it Lunar New Year now? Was the word China too spooky for them? It just feels like English-speaking Westerners combining the Spring Festival, Seollal, Tet, etc. because they can't possibly understand that Asians aren't an ethnically homogenous group.
If contraception is genocide, then it makes sense why many in the West are opposed to abortion and birth control. I guess the West really is ideologically consistent after all.
Cost isn't the factor here though, it's production capacity.
Gotcha, I think that's what I'm missing. Thanks!
Exchange creating value is fucking absurd.