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I am just stating the simple fact that many people thoughout the US have seen their net worth rise during the past 8 months (excluding the value of their homes).
However, even home prices are rising in some markets.
Face it ... our economy is looking better and better each day !!!
On paper. On an accrual basis. Most Americans are cash basis. The rise is good news, but has about as much effect as the drop did on most people.
how does the 2nd chart mean nothing? the stock market rises when they know that government is spending and, furthermore, guaranteeing debt. as the government spends money endlessly the dollar drops, and when the dollar drops the stock market rises.
common sense should be telling people that we have rising unemployment, with no job growth at all even going into the retail selling season, with no new businesses emerging, and the commercial sector starting to fail- yet all asset classes are rising-gold is up, stocks are up, oil is up, commodities are up. this is "growth" solely propped up by government spending and nothing else.
this is classic for a bubble that is going to burst.
OK, I overstated - so shoot me.
The fact is, the relationship was exaggerated by the manipulation (ie the choice of scale and starting points) between the 2 items.
Regarding the government propping up the economy - well DUH!
That's WHY the stimulus was put in place - and not just stinulus HERE, but ALL around the world by every major country on the planet. The idea is to kick-start the economy - so OF COURSE it's government money right now.
As far as hiring goes - that WILL come, in fact, as I've posted MANY TIMES, numerous surveys and company CEO's have ALREADY stated they plan to resume hiring in the coming months. That's not the GOVERNMENT saying that - it's PRIVATE ENTERPRISE saying that.
Jobs WILL follow. The only questions are "How soon?" and "How many?"
Yep! All it takes is to toss millions of Americans out of jobs and stocks reach new heights!
Nice to see that Wall Street's success and bailouts are benefiting Main St.
yep is right. keep printing all that money for wall street and they will do fine. screw the workers we just get to pay it back or our kids will Lord Par fleche
You don't have to be rich to be happy about the stock market. If you have a mutual fund, or a retirement account, or a college savings fund--all middle class savings vehicles, it's good news.
Wow! People will pay you to borrow money to buy stocks, gold and every other asset on the planet to make gargantuan returns and some people still complain? LOL!
It's a party people. The heavens have opened up and money is raining down from the sky. Grab some and gtf out of dodge before the cops show up. Weeeeeeeeeeeeeeee!
Wow! People will pay you to borrow money to buy stocks, gold and every other asset on the planet to make gargantuan returns and some people still complain? LOL!
It's a party people. The heavens have opened up and money is raining down from the sky. Grab some and gtf out of dodge before the cops show up. Weeeeeeeeeeeeeeee!
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