Re: Massive US Stock-Market Gains Yesterday

On Wed, 5 Aug 2026 00:41:58 -0400, c186282 <[email protected]> wrote:

>About 1000 points on the DOW.
>
>Similar percentage gains all around.
>
>The traditional economy is doing GREAT.
>
>Joe Average ... still kinda suffering from
>inflation. This is NOT easy to deal with,
>too many supply chains. Bad politics.
>
>In TRUTH the inflation isn't THAT bad anymore,
>but it SEEMS to be - and that's what counts.
>Most of Joe Average's probs are SELF INFLICTED
>at this point - massive payments on DEBT and
>mortgages and such. Joe won't SEE it though.
>
>My old granny said to never spend more than
>you can actually pay off immediately. VERY
>wise - she raised 8 kids during the Great
>Depression.

Wise lady...  That's they way I've lived my life. I've never had a car
loan and yes, we drove beaters for a few years starting out. I've
never bought a new car or truck, but quite a few two or three years
old. I let the fools who buy new cars absorb the depreciation that
occurs as they drive the new car away from the dealer's lot. The only
loans I've ever had were the mortgages, but today I don't even have a
mortgage. Our home is free and clear. The Visa card is handy, but it
gets paid off completely every month. I used it a few weeks ago to
schedule a trip we're taking. First class flight, medium size SUV
rental, seven nights in good hotels. All reserved, all paid off before
the ink was dry.

>Modern people, NOT so wise. Always want to
>live/appear MUCH more wealthy than they are.

I  have to laugh at the TV commercials I see advertising "no payments
or interest until some future date. People must fall that ridiculous
dishonest con job or the marketers wouldn't use it.

>There IS a big impact and the commiesocialists
>WON'T fix it. No such thing as "free money".

The money I collect from my renters is sort of like free money.
Needles to say that none of it is in NYC.
--

Two kinds of people in the USA, today

1) Conservatives, whose glass is always half full. :)

2) Leftists, whose glass is always half empty. :(