Wall Street Profits More Under Obama in 2.5 Years than in 8 Years of Bush (economy, money)

[lifelongMOgal]

It would appear many don't understand the markets.

Look at the VIX under Obama, look at the price of Gold under Obama, yeah, those have soared too but I wouldn't assume that to be a "good" thing.

Companies have trimmed, cut the fat, decreased payroll and other expenses accounting for record profits. Many are sitting on significant cash reserves until a new POTUS is elected. This is why the market gives the false impression that everything is just peachy. Frankly, the stocks of some corporations as well as Gold are safer investments than being "long" in the US dollar.

[HappyTexan]

Originally Posted by DRob4JC

Wall St. Made More Money In 2.5 Years Of Obama Than 8 Years Of Bush


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Wall Street Traders Have Profited More Under Obama Than In Eight Years Under Bush

It was set up that way.
Near 0% interest and easy money from the Fed.
They flooded the market with liquidity but it never made it past the banks who used it for trading or keeping their balance sheets in order.

The money went to Wall Street...pure and simple.

[KickAssArmyChick]

Good for them....I am getting poorer by the day. I wish I had the same income I had 3 and a half years ago.

[california-jewel]

Originally Posted by DRob4JC

It seemed like it took awhile for anyone to even open the thread.



Occupy Wall Street, Jon Corzine, and other failed human beings



The article also mentions....
Chris Dodd
Barney Frank
Franklin Raines of Fannie Mae
George Soros
Timothy Geithner
Claire McCaskill
Charles Rangel
Kathlees Sebelius
Hillary and Bill “Whitewater” Clinton

"Obama" and his merry band of MISFITS, except for Hillary.

This ain't your BRADY BUNCH?

[NYer75]

Good for Wall Street. The better they do, the healthier my 401K becomes.

[california-jewel]

Originally Posted by lifelongMOgal

It would appear many don't understand the markets.

Look at the VIX under Obama, look at the price of Gold under Obama, yeah, those have soared too but I wouldn't assume that to be a "good" thing.

Companies have trimmed, cut the fat, decreased payroll and other expenses accounting for record profits. Many are sitting on significant cash reserves until a new POTUS is elected. This is why the market gives the false impression that everything is just peachy. Frankly, the stocks of some corporations as well as Gold are safer investments than being "long" in the US dollar.

You got this pegged right. This is exactly what Companies are doing, you hit the nail on the ehad. They can't wait for someone new to come in. They can't run the business at the present time, the way they want.

Too many are not willing to take chances with this administration.

[floridasandy]

Originally Posted by HappyTexan

It was set up that way.
Near 0% interest and easy money from the Fed.
They flooded the market with liquidity but it never made it past the banks who used it for trading or keeping their balance sheets in order.

The money went to Wall Street...pure and simple.

but they sure as heck didn't fix the derivatives trade:

So, the fact that just four U.S. banks have this much leverage and risk is astounding! The banks are listed below in order of size and approximate OTC exposure:

1.) JP MORGAN CHASE BANK NA OH

$78.1 trillion OTC derivatives

2.) CITIBANK NATIONAL ASSN

$56.1 trillion OTC derivatives

3.) BANK OF AMERICA NA NC

$53.15 trillion OTC derivatives

4.) GOLDMAN SACHS BANK USA NY

$47.7 trillion OTC derivatives

yes, those are all TRILLIONS of dollars.

[Loveshiscountry]

Originally Posted by DRob4JC

Never said that. No one gives Bush a free pass.

But the story never mentioned Bush. I didn't mention Bush - but somehow when there is blame, he mysteriously appears.

ok I didn't know that you were refering too an article.

Originally Posted by DRob4JC

Now that I think about it, what you are saying is that the majority of OWS is not paying attention - in that they solely blame Republicans for the state of Wall Street.

Wasn't really thinking about OWS but you have truth in your statement. Repubs and Dems blame each other about the problem when they share equally imo.

[Loveshiscountry]

Originally Posted by lifelongMOgal

It would appear many don't understand the markets.

Look at the VIX under Obama, look at the price of Gold under Obama, yeah, those have soared too but I wouldn't assume that to be a "good" thing.

Companies have trimmed, cut the fat, decreased payroll and other expenses accounting for record profits. Many are sitting on significant cash reserves until a new POTUS is elected. This is why the market gives the false impression that everything is just peachy. Frankly, the stocks of some corporations as well as Gold are safer investments than being "long" in the US dollar.

Exactly what companies do when they are unsure of the economy. Hold onto money, use it to keep employees and invest in technology. Why make more product when no one is buying and there is so much uncertainty.

[Loveshiscountry]

Originally Posted by DRob4JC

Uh - that's called Stimulus, QE1, QE2, Tarp, etc.

Wanna make a chart for unemployment?

Exactly right. The money supply has been increased, meaning the currency is debased and worth less. The working class losses. Those who get the counterfeited money first, make out the best.