If we assume that a retired middle class couple has managed to save 100,000 to supplement SS and Medicare.... that means they have lost $12,000 dollars since June.
Obviously, this couple is clueless that the value of their savings is being eroded day by day.
Please send this on to your "representatives" in D.C. Even if "they don't give a damn"!
And silver goes up as the Fed buys stock. Neat trick./.....Arrest and jail them.
There is a huge difference between starving and being sick and tired of eating cake every day
And how many companies on the DOW do their manufacturing and/or selling in countries other than ours?
Not sure what you point is? Is it that Federal Reserve propping the stock market?
Investors know there are still companies that are profitable and good to own. They have money to speculate, and are still free to bid up stock prices, for now.
Companies that sell necessities will do well under Democrats, because that’s all most people will afford themselves, rich or poor. Everyone is on defense for now, the hoarding will continue until all tax brackets(especially and including the rich) are lowered.
Me thinks that abbreviations are fine after at least one time showing what they stand for. Betcha many are asking, What’s POMOs & MBS.
As my old buddies are saying, "There's no bloodless way back from here."
And now for something completely different....
(or don’t believe all they tell you elsewhere....there is a better reason, earnings)
* S&P 500 Sectors Forward Earnings & Valuation (weekly): What’s the latest direction in weekly forward earnings per share and valuation for the 10 S&P 500 sectors? In the week ended September 16, forward earnings edged lower for 9/10 sectors, but valuation rose for all 10 sectors. Forward earnings at a record high for Health Care, and near a record high for Consumer Discretionary, Consumer Staples, and Tech. Forward earnings near a cyclical high for the rest: Energy (21-month high), Financials (21-month high), Industrials (21-month high), Materials (23-month high), Telecom (11-month high), and Utilities (19-month high). S&P 500 P/E up to 12.2 from 11.9 and from a 16-month low of 11.5 in early July, but down from a 27-month high of 15.1 in October 2009. P/Es are up from cyclical lows 11 weeks ago for all of the sectors, but the relative P/E is near a 14-year low for Tech, and near a six-year high for Telecom. For detailed charts including squiggles, see Earnings Week (with Squiggles) on our website
No! Don't send it. They will give themselves a 12% raise.
All wealth is current and future. There are no “savings” or “investment” that are not at risk from the dishonest.
When folks let the establishment — both government and business — become commonly dishonest then all savings and investment is at great risk, of not only becoming worthless, but even of becoming a serious liability.
That has happened. Public companies have no regard for fiduciary duty, private companies honor only the strongest shareholders, and our perverted government and it’s institutions honor only the most dishonest.
Who thinks they have any wealth? Today, all must WORK to gain it, and that “work” is the very hard work of restoring in our society, individual by individual, institution-by-institution, the honor of scrupulous honesty, and the awful shame of dishonesty.
THe “12%” figure is relative to certain other currencies that are of little direct concern to these old people. It hasn’t translated into consumer price increases yet in any real manner.
If we get to where the foreign component of our food supply becomes a significant factor, currency movements could start hurting old people. But for now, most everything they need is produced in american dollars. Food, housing, drugs are all home-grown. Not quite so much clothes, but they are artificially cheap because of cheap foreign labor that also isn’t effected significantly by the price swings.
The biggest hit would be in oil, except the gasoline prices haven’t swung any more than usual yet (we are in a traditionally downward-moving period now, so we’ll know by November if the dollar currency drop has propped up gasoline prices).
Don’t panic! Their $100k has pretty much the same purchasing power now as it did in June. Cannot buy as many Swiss Francs or Gold doubloons, or AAPL stock, but food, clothing, computers, autos, houses, etc. it is just as good, if not better. If one looks at purchasing power in terms of a basket of goods that people need and use, many other currencies are judged as overvalued in terms of the $. A MacCoffee in Sweden is the Krona equivalent of $2, here, $1.