Posted on 02/08/2018 2:12:16 PM PST by CincyRichieRich
A lot of people seem to like it, the day traders are eating it up.
Buying to the dips and selling on the tips.
Is that why the "shareholders" received dividends of $784 million of last year's Fed profits, while the US Treasury only received $80.2 billion?
https://www.federalreserve.gov/newsevents/pressreleases/other20180110a.htm
We need to audit the federal reserve.
Interesting observation. Try that, however, in China.
In Japan you could likely get away with it. I would think dumping Chinese property and driving the value down in a market with 28 ghost cities in it would be bad form.
I completely agree with you.
I noticed a story today about the exodus from the SF Bay Area - everything from San Jose North to SF and East to Danville.
UHaul is hiring drivers to get their rigs back.
What a mess out there. I grew up there.
Baby boomers may not be heavily into stocks, but they might have some mutual funds or favorite stocks that they have held onto over the years because they’ve always done well. My dad is almost 90 years old but still holding on to his Caterpillar stock. CD’s and savings basically pay almost nothing, so if you want to keep up with inflation, you have to take a little risk, at least.
Not according to the book I read. He ran a fund that was nothing more than a Ponzi scheme whereby he submitted fake investment return documents to holders.
If he had done that, he would have spent a stint in prison and been banned from the securities industry for life, not be pontificating on CNBC. Did he talk his book and paint the tape? Sure. But that's fairly common practice in the industry, and not illegal.
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