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“Stock only goes up if profits go up”
Uh, stock only goes up if some Wall St bros and their pet algorithms see your stock as a fun gambling toy this quarter, it’s about fashion not fundamentals.
@deshipu not at all, the guy I’m subtweeting thinks profits are real. I think we’re all doomed.
@hughrawlinson I think that humans have thousands of years of experience of dealing with imaginary supernatural beings controlling our lives, so I think we really will be fine. You just have to recognize the whole economy thing as what it is: an institutional religion.
@deshipu for some definition of “fine”
@hughrawlinson finely doomed
@hughrawlinson and yeah there's on stock specifically that has been ridiculously overvalued long overdue a correction.
@hughrawlinson You say it like the profits are somehow more real?