So no one is going to post the good news?
Second quarter gdp 4%, first quarter raised to -2.1%.
http://www.cnbc.com/id/101878728
So no one is going to post the good news?
Second quarter gdp 4%, first quarter raised to -2.1%.
http://www.cnbc.com/id/101878728
Thanks to the Federal Reserve and it's insane QE policy. Without Federal Reserve pumping and money printing the economy would have grown only $900 billion since 2008.
http://www.zerohedge.com/news/2014-0...ederal-reserve
And before you embarrass yourself with another invective-laced tirade just answer this question: If the economy is so f'ing great why doesn't the Fed stop the QE program now?
Beware the man who would rule you for your own good. He will never cease. He will regulate every aspect of your life, destroy your liberty and enslave you, and sleep well convinced that he has made the world a better place.
You're right. The numbers don't mean a thing. And this isn't a partisan issue. Both the GOP and Democrats hide behind manipulated government issued statistics.
Remember, the Federal Reserve balance sheet is now approaching $ 5 trillion dollars. Take that away and where would this economy be?
Beware the man who would rule you for your own good. He will never cease. He will regulate every aspect of your life, destroy your liberty and enslave you, and sleep well convinced that he has made the world a better place.
Beware the man who would rule you for your own good. He will never cease. He will regulate every aspect of your life, destroy your liberty and enslave you, and sleep well convinced that he has made the world a better place.
All I know is that during the Bush 8 years, my personal financials were stagnant, my company was not doing well (and thus my job security was not good). In the 6 Obama years, my company is thriving, my job is secure at the moment and my personal net worth has quadrupled. I'm not a big Obama fan, and much of this may be coincidence, but it's hard to ignore the bottom line since it is a big factor in taking care of my family. I do have fears like everyone else that it's all QE smoke and mirrors and could collapse any day. But I didn't have much to collapse 6 years ago, so I'll cope with that risk for now.
Beware the man who would rule you for your own good. He will never cease. He will regulate every aspect of your life, destroy your liberty and enslave you, and sleep well convinced that he has made the world a better place.
And of course we know that this happening because we are able to read the detailed audit reports of the Fed. Oh wait, the Fed isn't audited. We will just have to take their word for it.
The Fed has a balance sheet of nearly $5 trillion. It will be intersting to see what happens to the value of their debt they hold once interest rates start rising.
Beware the man who would rule you for your own good. He will never cease. He will regulate every aspect of your life, destroy your liberty and enslave you, and sleep well convinced that he has made the world a better place.
Are they publicly traded companies?
Beware the man who would rule you for your own good. He will never cease. He will regulate every aspect of your life, destroy your liberty and enslave you, and sleep well convinced that he has made the world a better place.
With all due respect I hope you have set aside a large
rainy day fund because the recent economic "boom"
has all been due to trillions pumped into the economy
by the Fed ..... a large percentage of that ended up in
the stock market and the coffers of publicly trade companies.
We'll see what happens as the Fed takes away the free punch
punch bowl they've been supping for 5 years. Already the stock
market is starting to show signs of withdrawal.
Beware the man who would rule you for your own good. He will never cease. He will regulate every aspect of your life, destroy your liberty and enslave you, and sleep well convinced that he has made the world a better place.
Yes, I'm invested pretty conservatively since I'll be hitting 60 when
the next POTUS takes office (unless the impeachment crowd somehow
gets their way). And I said my job is secure "for now" for a reason: there
is no such thing as job security in high tech. I know it could all be
from happenstance, but I made no progress towards being able to retire
before death during the previous administration and now I have a plan
that at least is plausible to retire in 5 years unless the bottom falls out as
you say. Again, I know it could be unrelated to who is in office, but I've only
been able to accumulate any savings during the Clinton and Obama years and
was stagnant doing the Bush II years. I just hope the last 2 Obama years treat
me as well as the first 6. The last presidential pub I voted for was Bush I and
I fear it will be the last one ever unless the grown up pubs can somehow
expunge themselves of the tea party circus show.
FaninAma is right. It's all an illusion.
We've really been in Great Depression II since 1991.
Ingles solamente (¡no exepciones!)