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Please, please, please someone explain to me how democrats and this administration expect me to cheer the one thing they have begun to mantra as their shining success.
But though the current stock market is stellar, why doesn't someone call them on it? If they are too incompetent to understand, here, let me explain it to them in simple terms. A market that is built on the rich getting richer and the banks and big oil owning the civilized world
RedShirt73
reply to post by samstone11
There's going to be another massive correction. The markets and stock prices we're seeing now, IMHO, are fake or artificially inflated. Hopefully when it crashes it won't be that bad but I have a funny feeling that this crash will make 2008 look like a cakewalk.
Phoenix
RedShirt73
reply to post by samstone11
There's going to be another massive correction. The markets and stock prices we're seeing now, IMHO, are fake or artificially inflated. Hopefully when it crashes it won't be that bad but I have a funny feeling that this crash will make 2008 look like a cakewalk.
Hear! Hear! non-stop quantitative easing (inventing money from nothing) propping up a market based on debt is one that is going to make the BOOM heard round the world as its bubble deflates down to real value.
Its going to be nasty!
As part of this other disastrous events will be made or allowed to happen in order to save the necks of those who have engineered things by shifting blame away from them.
A market that is built on the rich getting richer and the banks and big oil owning the civilized world, those with money and power are hoarding it all to themselves and the rest of us are out of luck.
Bassago
reply to post by samstone11
But though the current stock market is stellar, why doesn't someone call them on it? If they are too incompetent to understand, here, let me explain it to them in simple terms. A market that is built on the rich getting richer and the banks and big oil owning the civilized world
The stock markets are a result of the banker bailout and continuing inflation caused by the Feds QE programs. When the Fed continues printing $85 billion a month it has to go somewhere. Stocks are now margined to a level not seen in ages.
Appearances are deceiving, our markets are sick and have been decoupled from product value. That bird will be home to roost very soon.
samstone11
In simple, simple terms only the top can afford stocks in this economy (notice the difference between today's economy and today's "market").