Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
That makes no sense at all. The investors, many of whom are hard working Americans, all got screwed. I think it's the banker's you're refering to or perhaps the auto workers. Of course, had those bankers not gotten bailed out you would have probably lost everything you have so it's unlikely you could have stayed afloat on your own either.
It's all very complicated isn't it?
In any event thats yesterdays news and living in the past is not a path to success.
it isn't complicated at all!
not all americans are heavily invested in the stock market. in fact, for most americans their home purchase is their single biggest source of wealth. of course, all working americans had to bail out these "banks" or companies that "converted" into banks, and goldman sachs took the funds even though they denied needing them (which makes a lot of sense)......
learning from the past is certainly a path to success.
That makes no sense at all. The investors, many of whom are hard working Americans, all got screwed. I think it's the banker's you're refering to or perhaps the auto workers. Of course, had those bankers not gotten bailed out you would have probably lost everything you have so it's unlikely you could have stayed afloat on your own either.
It's all very complicated isn't it?
In any event thats yesterdays news and living in the past is not a path to success.
Not so complicated, the bankers are getting multi million dollar bonuses and the household share of the national debt is now over $100k which effectively nullifies the net worth of most citizens. It's good to be a King.
learning from the past is certainly a path to success.
True!
And focusing on the past ad-infinitum and re hashing it over and over is a path to mental illness. More precisely it is an indication of mental illness!
learning from the past is certainly a path to success.
True!
And focusing on the past ad-infinitum and re hashing it over and over is a path to mental illness. More precisely it is an indication of mental illness!
evidently, this administration isn't focused on the past enough because we are engaging in the same overpriced housing and car behavior that brought us to this point with the bailouts, while the job situation is even worse this time. i am guessing that this bubble won't last nearly as long.
it isn't complicated at all!
not all americans are heavily invested in the stock market. in fact, for most americans their home purchase is their single biggest source of wealth. of course, all working americans had to bail out these "banks" or companies that "converted" into banks, and goldman sachs took the funds even though they denied needing them (which makes a lot of sense)......
learning from the past is certainly a path to success.
Um in case you didn't notice, the losses in real estate far exceed those in the stock market. So the average Americans single biggest source of wealth has been destroyed due to the average American living bigger than they could afford and buying homes for outrageous prices.
You seem to know everything except how all the pieces fit together. Perhaps getting a Phd in economics for Denninger isn't all it's cracked up to be.
As for learning from the past, yes nothing wrong with that and those with a knowledge of economic history are in a position to understand what comes next. Those without that knowledge listen to Denninger I guess.
Not so complicated, the bankers are getting multi million dollar bonuses and the household share of the national debt is now over $100k which effectively nullifies the net worth of most citizens. It's good to be a King.
Waaa Waaa Waaa. Cry me a river. The bankers got bonuses so everything is messed up and the world is coming to an end? Comeon! Get it over it.
But yes, it's good to be king and life isn't fair but thats the way it's always been and thats never going to change. But does it really matter how well or not anyone else is doing? Unless of course we want to feel sorry for ourselves or justify our own lack of financial success.
for those who are interested in the actual figures, this week's unemployment data:
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
SEASONALLY ADJUSTED DATA
In the week ending Aug. 8, the advance figure for seasonally adjusted initial claims was 558,000, an increase of 4,000 from the previous week's revised figure of 554,000. The 4-week moving average was 565,000, an increase of 8,500 from the previous week's revised average of 556,500.
Waaa Waaa Waaa. Cry me a river. The bankers got bonuses so everything is messed up and the world is coming to an end? Comeon! Get it over it.
But yes, it's good to be king and life isn't fair but thats the way it's always been and thats never going to change. But does it really matter how well or not anyone else is doing? Unless of course we want to feel sorry for ourselves or justify our own lack of financial success.
What you fail to understand is that pendulums can only swing so far in one direction. There will at some time be reprisals for the injustices being perpetrated now. Those reprisals will not be good for the country as a whole. The greed of the rich has brought down several countries and governments over history, and it could easily happen again.
What you fail to understand is that pendulums can only swing so far in one direction. There will at some time be reprisals for the injustices being perpetrated now. Those reprisals will not be good for the country as a whole. The greed of the rich has brought down several countries and governments over history, and it could easily happen again.
This is true! Even Louis XVI lost his head for being so stupid and arrogant.
It reminds me of the old trickledown economy saying. In fact that is exactly what is reality. When companies need to they can basically stop the trickledown like now to keep mking mopney. t Main street depends on the corporations. Government spending is inefficent always.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
