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To: expat_panama
I agree that everyone’s boat will sink under these conditions. The point I was trying to make was that our economy is going to grow even more slowly as more and more people (of all classes) will have less dollars to spend. I won't get into the debate which economic class’ spending ability is more elastic then the others. ; )

I am in the process of reading an article about this. It's old but I missed it a few years back.
http://www.theatlantic.com/magazine/archive/2011/09/can-the-middle-class-be-saved/308600/

Hey, did you trade in and out of Apple yesterday?

36 posted on 09/10/2014 10:34:29 AM PDT by Chgogal (Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
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To: Chgogal; expat_panama
Another very interesting if not surprising article:

http://blogs.marketwatch.com/encore/2014/09/10/in-retirement-savings-the-poor-get-poorer/

38 posted on 09/10/2014 11:41:43 AM PDT by Chgogal (Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
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To: Chgogal
did you trade in and out of Apple yesterday?

lol!   Wyatt & I were just talking about it. He asked me if I bot in at today's opening price and I told I did --but I'd made that purchase last month!   Some people are good at reading minute by minute signs but I'm not one of them.  I'm happy w/ week to week signals and a 2.9% gain in 3 weeks means a 67% annualized return.

39 posted on 09/10/2014 2:37:54 PM PDT by expat_panama
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