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This has forced many of us conservative folks into the investing in the stock market where we have lost our shirts partially because of deregulation of the markets.
I actually went inside my bank.
They enticed me to open a savings acount.
I almost laughed out loud with scorn
when they told me the interest rate!
.01% How do they expect anyone to save at those numbers.
RAISE INTEREST RATES NOW
The stimulus should be paid to real investers.
They should have been raised ages ago but
were kept low to blind citizens to the Iraq War
while the housing circus was on going.
In actuality realestate never went up
but the dollar went DOWN.
This was reflected in gold price.
Amerika is no better than Argentina.
Which is that tax cuts lead to growth? To me, era's of low taxes lead, demonstrably, to economic collapse, while era's of high taxes lead, just as easily demonstrated, to economic ascendency (not to mention cultural ascendency). Witness the Gilded Age, low taxes, leading to a bubble economy in the 1920s and the Great Depression in the 1930's. Witness the New Deal, high taxes, leading to Age of America by 1945 that lasted until 1975 (about the time they started cutting taxes). Witness the Reagan Age, low taxes, leading to the bubble economy in the 2000s, and a new Great Depression in the 2010s.
Seems pretty clearcut to me. This bankrupt nation bears no resemblance to the America of the 1950s-1960s that boldly confronted racism, communism, sexism, poverty, Vietnam, and the moon and won on (almost) every count while remaining solvent, leading the world economically and in innovation, and working 20% fewer hours per work-week than it does now.
Of course, we need more than a half a percent interest to live on, as this was our retirement money. Still, I am in no hurry to move ANYTHING back into the market. I have absolutely no faith in Obama or the Democrats in Congress, spending borrowed money like the world was going to end next week. I think things will get MUCH WORSE before they get better, and the fact that short-term CDs are paying such pitiful interest is a reflection of how many others feel the same way.
Of course, we need more than a half a percent interest to live on, as this was our retirement money. Still, I am in no hurry to move ANYTHING back into the market. I have absolutely no faith in Obama or the Democrats in Congress, spending borrowed money like the world was going to end next week. I think things will get MUCH WORSE before they get better, and the fact that short-term CDs are paying such pitiful interest is a reflection of how many others feel the same way.
It''s a mystery what CBS sees in this clown. He has nothing to say. Perhaps he''s good at soothing the hemorrhoids of CBS execs. He is from San Francisco, ya know.
Stocks aren''t in turmoil. It''s just that the Walstreeters are having a little temper tantrum because they''re not getting their suckie-suck like they got from Georgie Bushit and the Neoconscum.
Well, Walstreeters, you are irrelevant. We have learned that you just lie and cheat your way to money by stealing from us.
Get any money you have left OUT of Walstreet, and let the Bushit Banker Billionaires go suck sand.
It''s nothing but a swindle, so who cares what their phony numbers show?
Actually read the SEC order that is linked to from the summary page your link points to. (I know, it''s 24 pages and has lots of long words...)
http://www.sec.gov/rules/other/2008/34-58592.pdf
You''ll see that the order is directed at "naked" short selling (which I believe should be illegal anyway). If you don''t know the difference between covered and uncovered short sales, then you''re out of your league here.
I''m not going to dig up one of your own articles. You know what you wrote and when you wrote it. Or at least you should...
As it happens, I charge enough for my tax and financial advice to somehow make a higher income than almost any journalist. Somehow, I manage to get away with it, and have for over 20 years.