I agree, I think this market is being munipulated greatly. Record profits but sales are way down, unemployment over 15 percent, people loosing their homes, so where is all this big spending coming from? I don't see it in my community. All the money that wall street owes the white house I truely feel the white house is controlling whats going on market wise.
Too much spending by our goverment, 40 cents of every dollar our gov. spends is borrowed, and they want to raise the limit to increase that 40 cents, I say let it fall, I have went thru tough times and NEVER had anyone tell me my problem came from spending too little. I think this is why the gov is controlling wall street and the markets and keeping stock market numbers over inflated in order to keep borrowing and at lower interest rates. Cant see very many countries willing to loan is our stock market was down around 9000 with us and giving us low rates.
Common sense. if anyone of us could go to the bank for a loan and had the ability to make our financial situation look good we too could get easier loans and lower rates just like the gov does....
Its a house of cards, someday it will all come crashing down, cant hold up an economy as large as ours with hot air and white house backed economists telling us next quarter is going to be better only to find out they are WRONG... again....
Only here to annoy...
|