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The equities market is the biggest bubble in history. It has been created on the backs of employees by cutting their hours, and even forcing them out of jobs because of automation, age, cutting benefits...etc. Those who are still on the job have lost 10-15% of their buying power because of this out of control devaluation of the currency. Such a thing helps exports, but is a hidden tax which raises the COL. All of this is great for employers bottom lines, but sucks for the non managerial employees.
If the participation rate is lowered enough, unemployment wil go to 0%. 1-2% unemployment is great, unless participation rates fall to get to those numbers.
I expect something to "pop" in late 2015 to early 2016. I expect Obama to leave an even bigger mess than GWB did. If $5T of debt is "unpatriotic" what is $10T?
Lets not forget that people are flooding the stock market because the bond market sucks.. Federal T Bills are paying something like .1%
I guess you were not invested when Bush was in office: we made a few bucks then, just like now. Not at the beginning, but unless you plan to cash out tomorrow or whenever, it is the long run that matters, not a few months or even years. What was the market when he took over and say, what was it 6 years later? Now, most of us who follow the market at all know the sitting President has little to do with the market.
The policy of a Lasiez faire Administration (Bush) was the issue. Today we see increased employment, more money going into 401(k)'s and pension plans. The number today is in line with traditional stock market growth about 8% for the year. If the economy shows the same rate of growth and GDP runs around 3% expect that same 8% next year or around 19500 on the Dow.
The policy of a Lasiez faire Administration (Bush) was the issue. Today we see increased employment, more money going into 401(k)'s and pension plans. The number today is in line with traditional stock market growth about 8% for the year. If the economy shows the same rate of growth and GDP runs around 3% expect that same 8% next year or around 19500 on the Dow.
Laissez faire??? You're kidding right? Since when are bailouts laissez faire?
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