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.
I'm sure the Occupy Wall Street folks are gathering their pitchforks and torches as we speak. Oh wait, lining the pockets of Wall Steet fat cats is no longer frowned upon while high unemployment is cheered. How silly of me.
Lol, its amusing to watch these liberal sheep cheer about the stock market/wall street. I thought liberals hated wall street and the "1%" who "hold all the wealth"?
While liberals cheer on the rich, household income remains flat, you have a record number people on food stamps/entitlements, and unemplyment is still high.
Billions or over a trillion of borrowed money given to the banks to prop them up is fueling this. The companies have money up to their eyeballs to spend as the banks and 401k's and the retirees anuities fund them.. beware... the money that is being invested will never pan out as good investments..This means the companies have too much money , yet their will be no buyers for product in the coming time of Obamacare.. this mandate tax will suck the life out of the average american's buying power.. product will sit, and this is just what happened during the great depression. It is coming down the pike..
The depression was caused because people lost their jobs because no one could afford to buy the products manufactured by the workers.. Services were cut because no one could afford them. This is a time never before experienced.. propping up the economy with monopoly money borrowed from other countries and this fed move is actually funded by the tax payer.
It also benefits the middle class who have 401K and IRA retirement funds, and individual stock portfolios.
More than half the country has money in the stock market.
You could also mention that pensions invest in stocks.
Quote:
Originally Posted by RD5050
So there is reason to cheer!
However, stocks are above their historic valuations due in part to all time record QE money creation. You don't make profits in stocks until you sell.
Quote:
Originally Posted by RD5050
Unemployment continues to go down as well.
We reached a high of 10% in Oct 2009.
It now sits at 7.3%, and will likely drop again next month, since this past month's number was affected by the government shutdown.
But that topic was already heavily discussed in another thread.
Employment also drops and is at its worst level for 25 to 54 year olds since 1984 -- as we don't count unemployed people as unemployed once their unemployment benefits run out.
I see signs that the economy is improving. Within 12 blocks of my house there is 3.5 Billion dollars worth of new construction going on right now. It is so impressive I describe it in detail in a thread called "University City Ascendant" in the Philadelphia forum. No fewer than 50 new retail businesses are opeing up and a dozen new restaurants ... and this is in a one square mile neighborhood that is not "downtown."
Another super bubble created by printing borrowed money by the fed , backed by our government . That 80 billion a month the government is giving to the big banks indefinitely to bail them out has the banks investing to make money in the stock market.. big big bubble.. the banks are trying to recoup the money they lost with millions of bad loans in the mortgage industry.
Billions or over a trillion of borrowed money given to the banks to prop them up is fueling this. The companies have money up to their eyeballs to spend as the banks and 401k's and the retirees anuities fund them.. beware... the money that is being invested will never pan out as good investments..This means the companies have too much money , yet their will be no buyers for product in the coming time of Obamacare.. this mandate tax will suck the life out of the average american's buying power.. product will sit, and this is just what happened during the great depression. It is coming down the pike..
The depression was caused because people lost their jobs because no one could afford to buy the products manufactured by the workers.. Services were cut because no one could afford them. This is a time never before experienced.. propping up the economy with monopoly money borrowed from other countries and this fed move is actually funded by the tax payer.
QE's are swaps, nothing is borrowed. In the latest QE the Fed conjures up money to trade for the same dollar amount of securities held at their member banks. This nets to zero. Virtually no money goes into the circulation, one reason QE has not sparked inflation. (or most anything else) It does help bail the banks of bad loans though. But the main intent is to force interest rates down, and at this it seems to be successfu. Although that too has not provided for much economic stimulus.
The money that the Fed conjures up does not come from taxpayers and it is not borrowed from any foreign country or entity. As Bernanke has said, they simply raise the member banks account up that much in USD by simple computer keystrokes, in exchange for securities. This is almost all balance sheet shenanigans, and little goes out into the general circulation.
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.
