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It's a direct response to your false claim that the middle class is greedy... ...
Here's another one... Why are 401k's flat the past ten years?...
That is more likely the reason is most 401K participants make lousy investment decisions. You CANNOT be involved in a 401K and just go to sleep and not be aware of what is going on in the world financial markets or the economy. I was able to use my 401K very wisely and it helped me get out of the corporate rat race.
Even with the economic downturn between 2008 and 2009 if you had your head in the game you could have avoided significant harm to your account and if you haven't been asleep you could have made money in both 2009 and 2010.
If you are involved in a 401K it's YOUR responsibility to monitor your account and make the appropriate investment decisions.
Cause people rather go on vacation to Disney World than save for retirement? I think attendance has been up, so has personal spending, and many other non-essential stuff... seems like people have problems with priorities... is that really any surprise to you?
What other non-essential stuff?... What do the top 2% buy?...
Cause people rather go on vacation to Disney World than save for retirement? I think attendance has been up, so has personal spending, and many other non-essential stuff... seems like people have problems with priorities... is that really any surprise to you?
Couldn't agree more. Most of the lower/middle class is greedy, unwilling to manage money, and expect much more than they deserve. Most people are brats.
Couldn't agree more. Most of the lower/middle class is greedy, unwilling to manage money, and expect much more than they deserve. Most people are brats.
What does the middle-class deserve?... House, car?... anything else?...
The Aug. numbers are coming out. Look for improvement in Capital spending. Industrial sales are strong now , always a forunner to a stronger consumer economy.
The Aug. numbers are coming out. Look for improvement in Capital spending. Industrial sales are strong now , always a forunner to a stronger consumer economy.
Quote:
FOR IMMEDIATE RELEASE
MONDAY, OCTOBER 4, 2010, AT 10:00 A.M. EDT
New orders for manufactured goods in August, down three of the last four months, decreased $2.2 billion or 0.5 percent to $408.9 billion, the U.S. Census Bureau reported today. This followed a 0.5 percent July increase. Excluding transportation, new orders increased 0.9 percent.
Shipments, also down three of the last four months, decreased $2.5 billion or 0.6 percent to $415.1 billion. This followed a 1.2 percent July increase.
Unfilled orders, down following four consecutive monthly increases, decreased $0.1 billion to $804.0 billion. This followed a slight July increase. The unfilled orders-to-shipments ratio was 5.59, up from 5.53 in July.
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