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SPDR S&P 500 ETF Message Board

  • kone2410 kone2410 May 2, 2013 7:57 AM Flag

    Here they come to drive out y'days losses and creep everything back up w the rate cut

    Unreal, pretty much guarantee no one can retire on income in Europe. Back to work until you are seventy, not sixty five...

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    • I thought Europe was fixed last year? Let me guess, money printing in Europe didn't create any jobs either? Of course the markets went to all time highs in Europe as well even though unemployment is near depression levels in some countries. So what is a rate cut going to do? All it does is fuel more speculation in markets as the funding costs go down for banks. The money doesn't get loaned to consumers or small businesses. It lines up in prop accounts at banks and in the hands of big corporations who are issuing bonds to buy their own stock back. None of this creates jobs or demand for goods.

      Central banks are more so in crisis mode now than they were in 2008, think about that. Nothing is better, it is getting worse.

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