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You could say that. It was around 20 in 2009, and well around 115 beginning of this year. Now that it has ticked up few more points, the Trumbonites celebrate it like it was the best news ever.
when you don't understand math or history it makes it a lot easier to buy the crap Trump sells.
The micro-managing, big government knows what's best for you progressives took back over and ruined fair trade and the free markets with burdensome regulations and fees.
The nation had normal booms and busts before the federal reserve, that created the Great Depression by the supply of free money, which guaranteed bad loans.
And, you still don't know what caused the stock market crash and resulting depression. Bigly.
Where is that going on? JCPenney is about ready to close in my town. Rue 21 is closing, too. Applebee's recently closed. What's next?
They are closing in our town too. You haven't figured that out yet? Parents are powerful people who don't want bad values taught to their children. Does not surprise me a bit. Chick-Fil-A is booming around here.
Are you referring to the recession of 2008 (if you aren't, you can't be taken seriously as nothing else in recent memory compares)? Because that wasn't Obama's fault. It frankly wasn't the fault of any one person or president. Instead, we can blame a certain economic trend that started in the 80s under Ronald Reagan. A trend of deregulation in the financial sector, allowing them to form mega mergers and make risky investments with consumer money. Eventually, it collapsed, and consumers lost almost everything. This happened before Obama actually took office... or was even actually elected. He was at this point probably the Democratic nominee, though the race could still have been going on.
And to be clear, I don't blame Reagan. Given the time, I can understand why he did what he did. The more progressive economic model had some cracks in it, and conservatives were doing a good job sewing the seeds of doubt in the whole thing. Reagan took advantage of that. I don't think he intentions were poor. In fact, if I had to blame any one president, it would be Bill Clinton, who could have perhaps started a trend of reversing these effects, but instead, carried on to appease conservatives.
On the other hand, there is this: along with other trends that signal a bubble of over-confidence,
"client cash levels have dropped to a record low as a percentage of total assets, according to data compiled by Bank of America Merrill Lynch. That means investors are feeling more emboldened than ever to put that money to work in the market"
"What's resulted is the so-called "Icarus trade," which has been characterized by the "melt up" seen in risk assets since the start of 2016.
But there's a downside to flying too close to the proverbial sun — sooner or later, your wings will melt. BAML sees that happening in the second half of the year as the bullish conditions outlined above overheat further."
They are closing in our town too. You haven't figured that out yet? Parents are powerful people who don't want bad values taught to their children. Does not surprise me a bit. Chick-Fil-A is booming around here.
Yeah, it has nothing to do with Amazon/online shopping and everything to do with morals.
FYI, CFA has great food, which can't be purchased online and shipped via Amazon Prime.
They are closing in our town too. You haven't figured that out yet? Parents are powerful people who don't want bad values taught to their children. Does not surprise me a bit. Chick-Fil-A is booming around here.
Wait... are you saying that JCPenney, Rue 21 and Applebee's are somehow related to "bad values" being taught to children? Please explain your reasoning.
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