Archived Dow futures up 1,000 points as I post this. (foxbusiness.com)
submitted ago by Patriotknife100
Posted by: Patriotknife100
Posting time: 10 months ago on
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Archived on: 6/9/2020 10:00:00 AM
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51 upvotes, 4 downvotes (93% upvoted it)
Archived Dow futures up 1,000 points as I post this. (foxbusiness.com)
submitted ago by Patriotknife100
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[–] Patriotknife100 [S] 0 points 2 points 2 points (+2|-0) ago
Agreed. That's why I prefer the term "manipulated". Large players (governments, central bankers, large hedge funds) can manipulate the markets. Using the casino analogy, they're the "House". Not a fraud, the House always win.
[–] Charles_Ponzi_ 0 points 2 points 2 points (+2|-0) ago
You are talking about normative economics and price floors. The house might win in the short term but the invisible hand will always find a way around. This is one of the basic principles of why Socialism can never work.