I think that money was going everywhere to the crooks and criminals money laundering operations, and good bit of it likely into various Soros funds to keep the agitation going etc. The stunt he pulled with the car companies, and the “green” energy was blatant pay off to cronies and various voting groups.
There certainly was quite a bit of inflation of food prices, a lot of it in smaller packaging verses price hikes. The business reports all said that Bernake was worried about deflation at the time. We really had to watch our budget since 2008.
I sold off half of all my mutual funds and stocks in IRAs in Dec. 2007, because when I was looking for a stock to buy, I couldn’t find a single one that was not overvalued. So when the market crashed in 2008, I bought some stuff real cheap.
Mostly financial, but also some Ford. When prices doubled, I sold half to get back the principal, and let the rest ride. I didn’t reinvest all of it, because I had retired, and wanted to leave some in liquid, but conservative investments to pay off a loan if push came to shove.
I might have invested more, if I had had the time. I was staying with my Dad at the hospital 24/7, and only had access to computer for 20 min. per day.
That's true. . . $80 some billion was given wholesale to Fiat to take Chrysler from its owners. . . and the theft of GM from its stockholders and creditors. However, the government essentially divorced food and rents from the inflation indexes so they did not have to report those price increases. . .
About the only stock that seemed to ignore the fluctuations of the market was AAPL (Apple) as it just kept climbing during that period (only one real drop of any consequence not associated with a market wide reduction from which it recovered rapidly) and it maintained a P/E around 9-15 which was not one of those with a ridiculous extreme like Amazon or Google were experiencing. . . and even its forward looking P/E was reasonable. . . and during this time it grew to be the most valuable company in the world by Market Cap. During that time, Apple had three quarters that broke all time records for revenues and profits for ALL corporations in history.
A lot of analysts were claiming that Apple was overvalued, but it has proved them wrong and is headed toward being the first one trillion dollar company (at least the first that is not a public/government partnership). The stock is within striking distance right now of reaching that. . . $18 away. . . and it's done that much rise in a month in the past.
I like Ford because they thumbed their nose at Obama (I drive a Lincoln).