Posted on 08/13/2013 12:26:06 PM PDT by SeekAndFind
Edited on 08/13/2013 12:32:18 PM PDT by Admin Moderator. [history]
If Wall Street thinks things are bad now, just wait
(Excerpt) Read more at nypost.com ...
All is well!
The BLS told me so.
He he he... They voted for it.
What was that movie??
Oh yeah, Margin Call. Sucks to be them.
Turn those machines back on! TURN THOSE MACHINES BACK ON!
Another 100,000 people who won’t be able to afford cheap imports.
Another 100,000 people who won’t be able to afford cheap imports.
Absolutely. Couldn’t happen to a better set of lunes.
Why, they can always retrain for new jobs constantly and hope to make enough to make car payments in their next McJob.../sarc
The US is not in a "sluggish economic recovery". It is in a Depression!
We used be an Ag economy, became a manufacturing economy, and then a service economy (finance).
As that dies, what comes next? Serfdom?
Lunes = loons
“lunes” refers to the borders/outline/shadow of the moon
/pet peeve
Not that I think everything is hunky-dory, but Meredith Whitney is wrong almost as much as Paul Krugman.
Yes, for the vast majority of Americans the future holds nothing but a declining standard of living. We’re now a printing press economy.
The stock market is at an all time high because the FED has maintained zero percent $90 billion dollars a month infusions into the Wall St. financial houses for the last few years. They use that money to buy stocks and drive up the prices so the corporate media can convince consumers to start borrowing and spending again.
The volume of the market is close to the volume in the early eighties, with retail investors cashing out more than they deposit because they need the money to pay the bills. Without massive churn, the banks and financial firms need to lay off people as the only game in town is front running the FED and pocketing the spread. Which is why the FED is trapped and cannot quit QE.
“The stock market is at an all-time high, so why is this happening? I don’t get it. Can someone with an economics or financial background explain?”
Sure. One of the best ways to drive up the value of a company’s stock is to replace the American workers with Asian coolies. Whenever companies announce layoffs their stock rises.
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