more folks would understand what exactly has gone on over the past 5 -6 years with the Fed, the Gov and the markets. Most do not realize the game that has been played. Cheap money to banks and businesses = stock buy backs and profits. All the while they squandered our investments outside of the market.
Think of all the savings that folks have lost out on in interest. Gone are the days when a retired couple could walk into the bank and put some money into Cd's or U.S bonds and see anything above 2%. Folks used to easily get 4%-10% even on a simple savings account.
The game has been "let's jack this market up by 40-50% and make it look like all is well. If you were not in the market then you got fucked. at One point $85 billion a month was used to to prop everything up. All of this has been pure bullshit over the past 5-6 years.
The greatest theft of wealth ever has went on since 2008 until today and it all went to the fat cats on BOTH SIDES of the political spectrum.
If we did not have our social safety nets we'd be seeing food lines just like during the great depression.
$17 trillion damn dollars in debt and over $150 trillion in future liabilities.
Then there is the latest qtr GDP...yeah, way to remove the ACA costs from other qtr's and dump it all on this qtr so it looks like we have a 5% increase.
Thieves, every goddamn one of them and we continue to be silent and let them take it all. We have no fucking say in anything just continue to fuck our kids, their kids and on and on.
We are a self-centered lot - It takes a village.
Everyone is in the market now as there is no other way to invest and keep up with inflation. Wait until this bubble pops in the market - it will not be pretty and a lot worse than the last one.
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