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When it to starts to retreat back down, will you blame President Obama? More than likely, most will blame the "previous administration".
For every peak, there is a valley
I agree that it is ludicrous to credit anyone in government with the stock market reaching certain milestones. The milestones are arbitrary to start with, and government's impact on the direction of the stock market is partial and imprecise at best. The President deserves credit for reversing the labor market's plummet into the abyss precipitated by the previous administration, but not for the S&P 500 reaching 1600.
Uncle Ben Bernanke, is oiling the printing press by the second, as it is starting to overheat.
In the last week, a loaf of bread went from $1.29, to $1.89
Milk went from $3.29 a gal, to $3.99
Ground hamburger meat is up also.
Pork chops are $4 a pound now... I don't even look at the steaks any longer.
Actually loaf of bread was $2.49 in 2010, and it is $1.89 this year. It is cheaper today.
Milk $2.79 in 2010 and $2.79 today
Sugar (5lb) $3.12 in 2010 and $2.42 today
Grapes $2.97 in 2010 and $1.98 today
I did not find pork chop price. The only thing on your list which has gone up is ground beef.
Uncle Ben Bernanke, is oiling the printing press by the second, as it is starting to overheat.
In the last week, a loaf of bread went from $1.29, to $1.89
Milk went from $3.29 a gal, to $3.99
Ground hamburger meat is up also.
Pork chops are $4 a pound now... I don't even look at the steaks any longer.
Quote:
Originally Posted by Taratova
And the gas tank takes more money to fill it.
You know the middleclass is getting squeezed with higher food and gas prices. Wages are stagnant so where is the big recovery? Inflation is biting hard now.
Maybe you two should look at the facts below ... instead of making stuff up!
Thank you, Barack, for delivering us from the depths of the Bush depression!
Without getting into the accuracy of that statement, let me ask you this:
What do you think is going to happen with regard to the stock market when interest rates start to climb?
Interest rates are being kept artificially low right now. People that want to invest literally have nowhere else to put their money. Certificates of Deposit? Yeah, I'm going to tie up $1,000 for a year to earn about three bucks. Savings accounts? Even worse.
So when interest rates start to rise, and people start investing their money into those instruments, tell me what you think is going to happen to the market then. Enlighten us with your economic acumen.
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