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1. Embed this notice
   feld (feld@bikeshed.party)'s status on Friday, 26-Jan-2024 00:05:29 JST feld
   > Dow closes above 38,000 for 1st time, setting record high; S&P 500 closed with record high
   
   > Consumer sentiment gauge posted the largest two-month gain since 1991
   
   > Microsoft lays off 1,900 Activision Blizzard and Xbox employees
   
   
   Someone's lying to themselves about how good the economy is
   • Embed this notice
     feld (feld@bikeshed.party)'s status on Friday, 26-Jan-2024 00:49:33 JST feld

     in reply to

     • incognitum
     @incognitum yes, same with every headline about "record breaking corporate profits"
     
     Number went up but did actual *value* increase? they don't want you to think about that though
   • Embed this notice
     incognitum (incognitum@liberdon.com)'s status on Friday, 26-Jan-2024 00:49:34 JST incognitum

     in reply to

     @feld

     The stock market is denominated in dollars. Brand value and company assets appreciate through inflation just like an once of gold. *Line goes up* is only meaningful if the Y axis is fixed across the X axis. So unless you are inflation adjusting your stock values, a new "record high" is meaningless.