Stock Market Up Again !!! (Massachusetts, money, government, state)
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Well some of us on here know more about economics and finance then others. I can tell which ones know more and which ones are just rooting for their ideology.
Just be careful with that hope that "unemployment is the last indicator to return in an economic downturn" theory. Furthermore The leading indicators are not on their way up they are just not falling as fast as they were. If you listened to Berenke today, (as you wanted to hear from a well versed economist) he warns of a very vulnerable economy and the liklihood of a jobless recovery. He said production may increase but since employment will lack it will not feel like a recovery. He did have positive statements about inflation and interest rates staying low as well.
Yes, some of us DO know more than others about the economy....it's BERNANKE.
That's good that the stock market is doing good but it doesn't mean squat if the foreclosures and unemployment keep increasing. It is possible for Wall Street to do good and for Main Street to suffer. I don't think that the Dow rising 38% is necessarily something to be happy about unless you trade stocks. Now seeing unemployment and foreclosures decrease 38% would be something that I'd be happy about.
Unless you trade stocks on a daily basis you will not understand why the market has been up the past week and a half. And I can see from the comments on here the majority of you don't. Don't get to excited either, it will go back down again.
It's another Goldman Sachs bubble. This was already posted in another thread:
Inside The Great American Bubble Machine : Rolling Stone (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine - broken link)
The comments are enlightening. Educate yourselves.
It's another Goldman Sachs bubble. This was already posted in another thread:
Inside The Great American Bubble Machine : Rolling Stone (http://www.rollingstone.com/politics/story/28816321/the_great_american_bubble_machine - broken link)
The comments are enlightening. Educate yourselves.
This makes the 7th day in a row that the Dow has gone up.
Dow has risen 38% from it's March 2009 low of 6,469.
It is no coincidence that as the stock market goes up the blue-dog democrats are jumping ship from the Pelosi ideological nonsense and uber liberal health-care reform. Watch as all the inspector general reports and other watch dogs keep calling out the ridiculous spending and absolute idiotic implementation of the already ridiculous spending.
While that's good news it doesn't mean a whole lot.
They were saying on CNN that they don't expect us to get back down to 5% unemployment until 2013.
They said 2013 was the best case scenario.
Sounds like the CBO or Treasury reports that say we may have no net jobs for 5 years.
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