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It's become so Obvious ..that "Capitalism" foundation is "WALL STREET"..and to deny it for American/Most Countries for that matter is ridiculous.
Wall Street invests/hedges/outsources/funds elected officials who happen to make laws/support laws that either protect them/benefits them/deregulates them in order for those "High Powered" folks can continue to CONTROL GDP.
So yes, Corporate Conglomerates DO control your destiny not to mention depending on who they (Wall Street Elites) expendable or worthy..actually dictates how the Country is run!!
I'm sorry but that's loser talk.
Quote:
Anyone wonder why those lower income folks who cannot invest never experience their benefits..and SUFFER the consequences of laws/attitudes that devalue them as unnecessary...Cavalier to say the least..and one wonders why the angers/fears and disenfranchised sense???
Life on this planet has never been fair first of all. Second of all, most low income folks are that way due to choices. You know how to break the poverty cycle? Get through high school, don't have kids until you are financially ready, and don't get any felonies. That sounds simple enough but millions of people have felonies, millions still don't have a high school education, and millions have kids they can't afford. It's Wall St's fault millions of people make poor life choices at an early age?
my comments are not directed to anyone in particular but rather the forum as a whole . it is basically a lot of doom and gloomers who by and large appear to be miserable and unhappy because they are struggling financially . but as usual there are lots of others on the other side who don't whine about things over and over daily and are doing just fine .
And there are even more that ARE doing poorly financially but would never complain about our economic system-which is heavily reliant on this ignorance. As important as you may think you are, more important in our economy are the consumers that spend 100-110% of their income.
I hate the notion that anyone that disagrees with Fed policies is broke-I am doing quite well but will continue to point out the declining QOL for most Americans, and the corruption/collusion in our financial system.
This seems to be a big reason why "Gordon Gekko" himself supports Bernie Sanders for President-a consumer based economy cannot grow when the wages for 90% of the population have been stagnant for over a decade.
I find the title of this thread bizarre. The FED "chickens out"? The FED makes its decisions based on various economic factors (employment, inflation, GDP, even turmoil in foreign stock markets). That thread title seems to imply that the correct decision would be to raise rates, and that not doing so results from a lack of courage. Not so. The decision is based on an objective and rational analysis which takes into account various factors.
And there are even more that ARE doing poorly financially but would never complain about our economic system-which is heavily reliant on this ignorance. As important as you may think you are, more important in our economy are the consumers that spend 100-110% of their income.
I hate the notion that anyone that disagrees with Fed policies is broke-I am doing quite well but will continue to point out the declining QOL for most Americans, and the corruption/collusion in our financial system.
This seems to be a big reason why "Gordon Gekko" himself supports Bernie Sanders for President-a consumer based economy cannot grow when the wages for 90% of the population have been stagnant for over a decade.
Honestly.... what good does complaining on the City Data Economics sub forum do? What good does it do for the individual and the country?
Is it more practical to play the hand you are dealt or complain on a city data forum....?
No one is saying not to have an opinion, but the economics forum becomes a dumping ground against the Fed and Wall St when the stock market dips. How is that useful or beneficial?
Personally more than half of the threads in the general economics section belong in the P&OC section after an altruistic high schooler started hijacking this sub section.
Honestly.... what good does complaining on the City Data Economics sub forum do? What good does it do for the individual and the country?
Is it more practical to play the hand you are dealt or complain on a city data forum....?
No one is saying not to have an opinion, but the economics forum becomes a dumping ground against the Fed and Wall St when the stock market dips. How is that useful or beneficial?
Personally more than half of the threads in the general economics section belong in the P&OC section after an altruistic high schooler started hijacking this sub section.
Hah-your last point is certainly true. But I think talking about it publicly is very beneficial-the more people that see our financial system for what it is, the more possibilities exist for fixing it and instituting one that works for the benefit of all Americans. The 40-Year Slump
I certainly play the hand I am dealt, and do well (although more in real estate instead of stocks) but I will continue to talk about the realities and consequences of it. As a nation-we have not had true economic growth since the 1970's.
From WWII to the mid 1970's, 90% of stock market growth was due to GDP growth/outlook.
From the 1970's to the early 1990's, 95% of stock market growth was due to household debt/liabilities (mainly the explosion of credit cards).
From the mid 1990's to 2000, 97% of stock market growth was the tech bubble and commercial paper increases.
From 2000-2008, 94% of stock market growth was due to the housing bubble and again household debt.
From 2008 until today93% of stock market growth is due to the Federal Reserve's quantitative easing program. During the first half of 2013 the growth was even 100% attributable to QE!
Hah-your last point is certainly true. But I think talking about it publicly is very beneficial-the more people that see our financial system for what it is, the more possibilities exist for fixing it and instituting one that works for the benefit of all Americans. The 40-Year Slump
I certainly play the hand I am dealt, and do well (although more in real estate instead of stocks) but I will continue to talk about the realities and consequences of it. As a nation-we have not had true economic growth since the 1970's.
From WWII to the mid 1970's, 90% of stock market growth was due to GDP growth/outlook.
From the 1970's to the early 1990's, 95% of stock market growth was due to household debt/liabilities (mainly the explosion of credit cards).
From the mid 1990's to 2000, 97% of stock market growth was the tech bubble and commercial paper increases.
From 2000-2008, 94% of stock market growth was due to the housing bubble and again household debt.
From 2008 until today93% of stock market growth is due to the Federal Reserve's quantitative easing program. During the first half of 2013 the growth was even 100% attributable to QE!
My point was mostly that City Data isn't the best place to have intellectually stimulating debates.
I find the title of this thread bizarre. The FED "chickens out"? The FED makes its decisions based on various economic factors (employment, inflation, GDP, even turmoil in foreign stock markets). That thread title seems to imply that the correct decision would be to raise rates, and that not doing so results from a lack of courage. Not so. The decision is based on an objective and rational analysis which takes into account various factors.
To people who think the Fed is the boogeyman it is quite natural to frame a thread topic like that.
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