Off-Topic /
Stock Market and Trading Talk [1011]
This is a thread about the stock market and whatever thx rest of the economy is like, the terrible performance of the stock market is definitely down to PiS
Early on they decided that anyone who had money to invest in the stock market was not one of the voters anyway and they didn't have to care about them.
So it's not just this year, it's been going badlysince 2015
The things that they have done recently to help take the market even further are
- a mortgage holiday that put a huge dent in bank profits (Banks are about a quarter of the index)
- threatened more taxes and more fines on retailers (retailers are one of the only kind of companies you can invest on the Polishstock exchange, which are not subject to any government interference or don't have PIS flunkies on the board).
- are now talking about a 40 percent tax on anybody who has, by some miracle, made any profits on the stock market. That to go into the pockets of some PiS voters in East Poland
So yes, thank you PiS