The political economics/finance/money/markets thread

[steve dave]

THE INDEX FUND UNDERSTANDERS HAVE LOGGED ON

BlackRock@blackrock
Is
Not
Your friend
Peasants https://t.co/MGLYzisSvo

— Dr Jordan B Peterson (@jordanbpeterson) September 16, 2023

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[Spracne]

You’re thinking of this place all wrong, as if they have the money back in a safe. The money’s not in Blackrock/Vanguard. Well, your money’s in Joe’s house. That’s right next to yours. And then the Kennedy house and Mrs. Macklin’s house and a hundred others. You’re lending them the money to build and then they’re going to pay it back to you as best they can.

[DaBigTrain]

Yes, owning the best companies in the world is bad business for the biggest investment firms. Should be owning the penny stocks at the highest level.

[sonofdaxjones]

#blogkaren assassinates the obvious (again)

#blueanon political and thought leaders are getting angrier at Blockrock and Vanguard because they say they're not doing enough ESG'ing . . . while being very pleased that the same, plus JPMC and Goldman are lining up to feed off the UkgroGrift with the help of an American oligarch family.

The parents of #blueanon used to get  about Halliburton. 

It's just fascinating.   

[steve dave]

the index fund understanders continue to log on!


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[passranch]

Really makes you think.

[MadCat]

It's like if I own Vanguard index funds, am I the bad guy?  Or who is pulling MY strings?