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Well, like the parents of most 70-somethings, mine are dead at the present time. They both missed the 2013 shutdown, but did witness the pointless folly of several others. Federal shutdowns of course tend to result from expiration of spending authority triggered by right-wing budget childishness. There are no implications there for the general pointlessness of debt limits however.. If Congress authorizes spending that it does not provide funding for, borrowing and additions to debt will be the eventual result. It's a pretty simple calculus, really.
Every year on January 1st, the biggest newspaper in our state hypothetically buys $1,000 of stock in the leading 20 state companies.
Every Monday they state what each investment is worth as of that day.
It used to be about half were worth more than $1,000...........half less than $1,000.
Nearly every stock is worth less than $1,000 after 6 months.
He or she said that they were the biggest newspaper in the state just picking the leading 20 state companies. They're not attempted to diversify and depending on what state it is, there could be substantial amount of similarity.
To answer the op, it's because the fed generated the "best recovery money can buy". With low rates, money is cheap and it inflated asset prices in real estate and stocks. Which theoretically helped push the boomers to retire and open up slots in the workforce and restored the banks balance sheets.
It is the government's job to help maintain a solid economic basis for businesses and individuals to operate from. The Fed is responsible for monetary policy while fiscal policy is controlled by Congress. In the recent disastrous economic decline, Congress as of 2011 simply abdicated its responsibility to the nation over petty partisan jealousies. Thus was the Fed left to go it alone in terms of promoting economic recovery. It took longer than it should have, but we have indeed been transported to a better place.
Every year on January 1st, the biggest newspaper in our state hypothetically buys $1,000 of stock in the leading 20 state companies.
Every Monday they state what each investment is worth as of that day.
It used to be about half were worth more than $1,000...........half less than $1,000.
Nearly every stock is worth less than $1,000 after 6 months.
If half dropped from $1,003 to $998 you'd have this condition qualified. Utterly meaningless since it hinges on absolute under/over a magic number "1,000" instead of any useful metric.
We still believe the fake news about Russia. I thought 3 CNN reporters were fired already.
So the logic here is that if people at CNN were fired because they published an article that was retracted, every other of the article on the same broad subject must now also be false?
That is absurd.
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