Quote:
Originally Posted by Guest
Most of the people I associate with in the The Villages are very happy with their portfolio and are not commercial investors nor very rich. It has managed to provide them a very happy and comfortable lifestyle here. Fortunately, their returns are based on record profits of private industry who have also done very well. Interest bearing accounts have always losing investment since the bank is taking that money to invest what that account holder should have invested in the first place. Therefore, the bank wins and you lose.
Ask the good people who work in the auto industry who sold a record amount of vehicles if the bailout was wasted on GM and Chrysler. I believe they are very with their jobs and bonuses they received. Also, the bailout was a win-win for those companies, the people who worked there and the American Taxpayer to a total of more the $53 billion in profit! Nice investment for America!
see http://projects.propublica.org/bailout/ |
Again the investment returns are based on an industry that is getting favorable treatment because of the Fed's policies. It is uncertain if the bull market will continue once the Fed exits. so far they have been reluctant to do so. Chrysler has bee helped more by Fiat then the bailout it received.
GM is headed for real problems Ask the GM creditors if it was a win win for them The so called $53 million i n profit was illusory in that it was trickery accounting.