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The stock market is driven by liquidity. Every central bank in the world is printing money as quickly as they can in order to stave off another depression. As soon as the computers read "quantitative easing" or "money printing" they start buying. There are no humans involved. Valuations don't matter. Fundamentals are of no concern.
Last week the European Central Back started their program....$1.2 TRLLION, IIRC. That will buy you quite a levitative effect in the stock market.
Until it doesn't.
Oh, the hangover, but we'll invent some more financial shenanigans when we get to that point.
Now wait a minute.....you can't rave about the current resident at 1600's great recovery on one hand and then complain about his crony capitalism on the other.
He's pumping up the economy (remember, we have the greatest income inequality EVER according to your ilk) by printing money. It's simply making the rich richer.
Once again, get back to us when REAL welfare starts to recede substantially.
Just this morning I was reading about how the savings accounts in this county is at historic lows..
Source?
Compared to when?
Government has tracked the so-called Personal Savings Rate since 1959. It's averaged 6.8 %, peaked at 14.6% in May, 1975 and hit a record low of 0.8% in April, 2005.
The rate can swing substantially, month to month, within year. The Jan, 2015 rate was 5.5% compared to 5% in December, 2014.
The Fed's cheap money has inflated the stock market to historic levels. We all know it's a bubble waiting to burst. The Wall Street "investors" know it; they're just waiting to see how high they can get the Dow before they cash out of it. And the longer we keep this up, the worse the consequences will be. Imagine all the Americans who are nearing retirement and won't be able to do so because their portfolios get slashed. What a joke this nation has become.
They could park their money in an FDIC insured CD and earn next to nothing, thus needing to potentially defer retirement or they can choose to accept increased market risk for an opportunity for a higher ROI.
The Fed's cheap money has inflated the stock market to historic levels. We all know it's a bubble waiting to burst. The Wall Street "investors" know it; they're just waiting to see how high they can get the Dow before they cash out of it. And the longer we keep this up, the worse the consequences will be. Imagine all the Americans who are nearing retirement and won't be able to do so because their portfolios get slashed. What a joke this nation has become.
The Fed's cheap money has inflated the stock market to historic levels. We all know it's a bubble waiting to burst. The Wall Street "investors" know it; they're just waiting to see how high they can get the Dow before they cash out of it. And the longer we keep this up, the worse the consequences will be. Imagine all the Americans who are nearing retirement and won't be able to do so because their portfolios get slashed. What a joke this nation has become.
But the FED has a presidential mandate to keep the markets from failing. It will never pop.
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