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by georgeecollins 1429 days ago
Or more commonly: Stocks decline today on news of unemployment. I sure feel sad for those stocks.
3 comments

I cringe every time I hear people celebrate the price of housing going up. Due to financialization we have an economy predicated on the necessities of life becoming increasingly expensive. I fantasize about the opposite; ubiquitous low cost quality housing available to even the most destitute. Sometimes I feel we're in Idiocracy and we're watering plants with Brawndo and wondering why the crops are dying.
Or "no damage to car after cyclist killed in traffic accident"
LOL
Actually, when a company announces layoffs, its stock tends to rise (unless it's in such a bad shape that even major "cost cutting" can't make the punters more optimistic).