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Old 11-02-2015, 02:04 PM
 
66,569 posts, read 30,379,078 times
Reputation: 8688

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Quote:
Originally Posted by dv1033 View Post
I'm top 28% and I was enriched. Perhaps you have to much debt to take advantage of the money.
I have no debt. Closed my business and retired in my early 50s. Moved to the beach. I'm set.

Why do you think acquiring more debt enriches oneself? Especially when buying a car?
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Old 11-02-2015, 02:47 PM
 
Location: ATX-HOU
10,218 posts, read 6,803,475 times
Reputation: 2034
Quote:
Originally Posted by pknopp View Post
The top percent sure took advantage of it and we see where that got us.

U.S. Wealth Gap Hits Record High

Tell us now how the problem is the minimum wage.
Top 1% got really rich off the stock market these past 8 years, so simply blaming it on QE ain't gonna fly.

Quote:
Originally Posted by pknopp View Post
I absolutely do. You corporate apologists should be embarrassed.

The Reasons Bankers Weren't Busted - Bloomberg View
There's monetary and fiscal policy. Both need to work together and that didn't happen. Do you know which was QE?
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Old 11-02-2015, 02:50 PM
 
Location: ATX-HOU
10,218 posts, read 6,803,475 times
Reputation: 2034
Quote:
Originally Posted by InformedConsent View Post
I have no debt. Closed my business and retired in my early 50s. Moved to the beach. I'm set.

Why do you think acquiring more debt enriches oneself? Especially when buying a car?
Because I needed car silly.
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Old 11-02-2015, 02:50 PM
 
79,541 posts, read 33,688,908 times
Reputation: 15940
Quote:
Originally Posted by dv1033 View Post
Top 1% got really rich off the stock market these past 8 years, so simply blaming it on QE ain't gonna fly.
Serious? And you claim others don't understand how things work? Wow. I'm not often surprised here but I was glad I was sitting down for this one.

Quote:
There's monetary and fiscal policy. Both need to work together and that didn't happen. Do you know which was QE?
You have to start with a valid position. It did exactly what it was intended to do. No, it did not work for a vast majority of people but it did work.
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Old 11-02-2015, 02:52 PM
 
Location: ATX-HOU
10,218 posts, read 6,803,475 times
Reputation: 2034
Quote:
Originally Posted by InformedConsent View Post
Again, for the slow to catch on...

Full Definition of PROMISE

1
a : a declaration that one will do or refrain from doing something specified
b : a legally binding declaration that gives the person to whom it is made a right to expect or to claim the performance or forbearance of a specified act

2
: reason to expect something <little promise of relief>; especially : ground for expectation of success, improvement, or excellence <shows considerable promise>

3
: something that is promised


Promise | Definition of promise by Merriam-Webster

1a. There you go.
Nope. Will is a not a synonym of promise. Look it up.
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Old 11-02-2015, 03:18 PM
 
66,569 posts, read 30,379,078 times
Reputation: 8688
Quote:
Originally Posted by dv1033 View Post
Top 1% got really rich off the stock market these past 8 years, so simply blaming it on QE ain't gonna fly.
Wow. You need it spelled out for you, huh?

Fed-inflated stocks a 'hall of mirrors': Jim Grant
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Old 11-02-2015, 03:21 PM
 
66,569 posts, read 30,379,078 times
Reputation: 8688
Quote:
Originally Posted by pknopp View Post
Serious? And you claim others don't understand how things work? Wow. I'm not often surprised here but I was glad I was sitting down for this one.
Yeah, that was simply stunning. Pointless to continue debating with that one. Seriously underinformed.
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Old 11-02-2015, 04:01 PM
 
Location: Minnysoda
8,639 posts, read 8,540,795 times
Reputation: 5185
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Old 11-02-2015, 04:02 PM
 
Location: ATX-HOU
10,218 posts, read 6,803,475 times
Reputation: 2034
Quote:
Originally Posted by InformedConsent View Post
Wow. You need it spelled out for you, huh?

Fed-inflated stocks a 'hall of mirrors': Jim Grant
That was in 2013, what else ya got? Stocks have underwent a correction and it wasn't a big deal. Were you smart and bought stocks while they were at multi year lows?
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Old 11-02-2015, 04:05 PM
 
Location: Chicago
94 posts, read 59,684 times
Reputation: 109
Bernie will save us, just like the Messiah Obama. Gimme gimme gimme
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