Why I'm Not Worried About the Stock Market Crash [Yahoo! Finance News]
Netflix, Inc. (NFLX)
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Source: Yahoo! Finance News
We're not living in 1929. It's important to remember that as we watch the stock market crash and our personal net worth take a big hit.While that has certainly happened, it's important to note that the stock market isn't the economy. We're not on the cusp of the next Great Depression. Instead, we have a market that's spooked by rising inflation (i.e. stuff costing more) that's also struggling with supply chain issues caused by an unparalleled global pandemic.Yes, many things cost more including basic needs like food and shelter, as well as near-basic needs likes cars and gas. But, while inflation has been real, that's not the full story of the U.S. economy.We're also living at a time where theunemployment rateThis has led to jobs in the retail and service space which once paid minimum wage while offering minimal benefits to offer $15 an hour or more along with perks like free college tuition. That's not to say that these jobs even pay a living wage (it depends a lot upon where you liv
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NFLX
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- 4/18/24 - Beat
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Sec Filings
- 4/22/24 - Form 10-Q
- 4/18/24 - Form ARS
- 4/18/24 - Form DEFA14A
- NFLX's page on the SEC website