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Originally Posted by Guest
It's actually up because the Fed wants it up. The Fed gives the banks money so they can buy stocks and keep the prices up. They do the same with bonds, give the banks money to buy bonds.
Our economy is a giant Ponzi. Bubble after bubble blown by the central banks. It's in a depression that has been whitewashed with a $ trillion a year in debt.
50 million on food stamps who would have been standing in a 9,500 mile long soup line. Millions and millions homeless or would be without government housing or section 8. The REAL...un-seasonally adjusted, without the "out of the workforce" BS, would be as high as the 30s depression.
You keep THINKING you know what's going on.
It WON'T get better because America is sliding into the 3rd world. Minorities are taking over and everyone knows that they're NEVER successful...anywhere. They are breeding us out. They WILL destroy the country.
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I must have graduated with an MBA and a BA from institutions led by professors whose education and experience was outside far outside of the instructors you were taught by .
Also my 35 years in the banking and finance industries must have been at institutions which operated in some type of alternative business universe than your career was spent in .
" Feds don`t give money to banks so they can buy stocks ". Feds don`t " give " money to banks period ! Just not enough room for me to try to begin to explain how incorrrect you are on this one .