Odd time when it comes to managing your money for the working classes. A very high stock and real estate market. I am not financial advisor or fiduciary, so this is just opinions and comments, and in no way shape or form am I giving you financial advice.
Inflationary pressure eating the net present value of your money. Interests rates still low forcing you to invest as opposed to earn good interests on savings. So, you’re sort of waiting to invest hoping that money you have has the same purchasing power when you invest, or you can invest now, take losses, and hope over time as reality kicks in, inflationary pressures subside, zombie companies fail, and actual fundamentals are practiced, then..maybe you can see a return that’s more lucrative than paltry interest rate savings.
Wages have been stagnant since the 1970s and only did the Great Resignation challenge this as businesses have to pay more to attract labor and talent. Technology is eating labor.
Yet, capitalism has never evolved or innovated away from its feudal roots of serfs paying rents, so people are in a competitive environment trying to earn wages as those wages might loose purchasing power, but still need to pay bills but those bills like rent go up due to market manipulation by the Fed and Shock Doctrine economics, i.e., using disasters to bailout the powerful who only trickle down a bit to workers via wages. This overall distortion has resulted in the Gig Economy but the gig economy is basically having a second job when a decent society would be you working your job and able to built wealth with just one job.
#economics #investing #socialism #marketsocialism #startrek #stocks #realestate
Bitcoin is the first decentralized cryptocoin ever built on top of a blockchain. The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software.
The entire cryptocurrency market — now worth more than $300 billion — is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies.The price of Bitcoin right now is $42,295.00. Its price is ↓ -0.41% down in the last 24 hours.
|Current Price||All Time High||Market Cap|
Bitcoin Price Changes :
|Last 24 Hours||Last 7 Days||Last 30 Days||Last 1 Year|
|↓ -0.41%||↓ -1.13%||↓ -9.64%||↑ 15.57%|