To: blam
It shows us the huge extent to which consumer spending is falling, how much poorer people have become as stock markets set records. The only reason the stock market is soaring is because the Fed keeps pumping worthless dollars in to the economy.
Those dollars having nowhere else to go are driving up the price (not value) of stock.
4 posted on
11/27/2014 5:46:34 PM PST by
Pontiac
(The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
To: Pontiac
Don’t forget, a big chunk of that cheap, easy money is being used by companies to purchase stock back, which gives the appearance of better earnings
16 posted on
11/27/2014 9:19:30 PM PST by
Axenolith
(Government blows, and that which governs least, blows least...)
To: Pontiac
Stocks are the derivative hidden in plain sight.
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