The German business confidence has slipped. This bad news and the news that AAPL is seeing a slowdown so they have lowered guidance should have the market go up again. The rich will be given more money from the government as a result of this negative news. i read this morning that during the first two years of this recovery(2009-2011) that the net worth of households in the upper 7% on the wealth distribution rose 28%, while the mean net worth of the lower 93% dropped 4%. So where are the billions of dollars the government is printing going? Market should move up again today. Yet we permit Bernacke to come on TV every week and Obama every day to lie to us. We deserve everything we are getting. We are so deceived that we kill and hurt the 93% to voice our disapproval to what is happening. Then those brothers get so much press that leaning unto our own understanding this seems like a great way to make a name for ourselves. Folks we have lost our way.
net worth is not bestowed on your household by the govt. cash flow can be legislated but worth cannot. My household saves every year. Some households never do. Its probably is a populist veiw to hate the rich(whoever they are) because they are rarely hurt in these times. everytime I read another article on avgs of savings.ira values net worth I am appauled at how many americans simply dont save squat. some cant save but even many who can just dont.
You are correct. We are a society that spends beyond our means. We are Americans so we should get what we want. We think we are better than others. Of course this is false yet if one believes a lie they still act on it. Have no idea how long this will continue until we have serious consequences but they are coming. We did see one a little over a week ago in Boston. We are out of our minds if we think we can rule the world yet that is what we think now. We have the first president who has ever openly shared that he knows better than God and what the bible teaches. I know this will receive a lot of flack. But when we as selfish humans with dysfunctional pasts think we are able to know what is right and truthful we will reap what we sow and it is not going to be pleasant.