Stock market crashes don't mean line go straight down. Take the 1929 crash for example:
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See all those peaks and valleys for months/years while the overall trend is down? That's what catching a falling knife looks like.
So I'm assuming we're treating the stock market as some kind of "happiness meter" for the average citizen now? Sure, let's go with that premise.
Looks like we're still about 4 times as high as we were in the year 2005. Granted the population has increased a good bit since then and there's inflation... so let's say the same number needed to provide that level of happiness for all of our citizens is now around a 15,000. So our happiness meter last month was still a solid 300% higher than it was in 2005!
But am I happier now than I was in 2005? Are any of my friends happier? Is walking around the city more fun? Is my job more enjoyable, are my prospects of owning a home better? Have wages increased? I've actually improved my own life a lot in that time but that was all due to my personal motivation and not related to the stock market at all....
the world i live in is not 400% better, at fucking all.
It seems like the only "happiness" I get out of the happiness meter increasing 400% since 2005 has been that smart phones and wal mart items are cheaper. Wonderful. All of that 400% worth of growth comes back to the average citizen in the form of a nice affordable little square we can use to read retarded nonsense on the internet from other retarded people and indians who spew garbage all over youtube and instagram. Our children can use that affordable little square to consume brainrotting content that goads them into buying non existant digital crap. We can be taking a shit and be connected with the world and see the conversations of indians, blacks, and hispanics arguing over who has a right to white people's societies.
How are we going to live without that little square?!?!
I realize my logic is stupid here, but so is the idea that we should care about that fucking line to such an absurd degree. I want some economist to
really lay it all out on the table. What are we giving up here vs what are we gaining by making sure the line goes up and only up? If that line going up means I am going to be living in a world where I pay rent to live in a property owned by a foreigner who hates me, live off welfare paid for by a foreigner who hates me, eat food from a farmland owned by the same, I don't know my neighbors, they don't speak english, they don't go to my local church, they don't respect any societal norms, my parents are in a retirement home being taken care of by people who hate them and don't speak english, there's trash in the parks, graffiti on every wall, going outside after 10pm is suicidal and every person I know is waiting to die. **
BUT** I get to have a little square in my pocket that does everything it can to make me miserable and retarded (and can take pictures)?
It isn't fucking worth it.
