Comment

Comment on "Morbidly Wealthy": The world’s five richest men have more than doubled their fortunes from $405b to $869b since 2020—at a rate of $14m/hr—while nearly five billion people have been made poorer

<- View Parent

AlteredStateBlob@kbin.social ⁨10⁩ ⁨months⁩ ago

You mean the two month stock market dip which has since not only recovered but the market following has heavily outperformed anything before 2020 and was fully abused by those in power who used their insider information on the COVID pandemic to trade just before the dip hit the markets? That stock market crash? I mean, I bet. Those 2 months are totally going to skew the numbers.

source

Sort:hotnew top

bitflag@lemmy.world ⁨10⁩ ⁨months⁩ ago
Those two months do skew the numbers. Why do you think they specifically picked March and not January as anybody else would?

You can defend your opinions without having to manipulate the numbers.

source
- AlteredStateBlob@kbin.social ⁨10⁩ ⁨months⁩ ago
  How do the numbers change if you start with January?
  
  source
  - GoofSchmoofer@lemmy.world ⁨10⁩ ⁨months⁩ ago
    If I did my napkin math right (which is suspect) from January 2020 to December 2023 the Dow Jones had an ~33% increase.
    
    source