General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums13,974!!!! Is today the day????
That Kenyan, Muslim socialist, communist anti-Krist does not have a fugging clue about capitalism.
darkangel218
(13,985 posts)Sorry malaise, I have no idea what you're refering to?
NutmegYankee
(16,199 posts)darkangel218
(13,985 posts)I don't follow the stock market
Thanks Nutmeg
NutmegYankee
(16,199 posts)EarthWindFire
(84 posts)told me that he thinks one of the big reasons the stock market is rising is because of the 85 billion dollars per month that the federal reserve is pumping into the economy... anyone know if there is any truth to this
malaise
(268,664 posts)Whatever!
yea that was my thought...I just wanted to see if anyone knew about this stuff.
tjwash
(8,219 posts)That's an old rush limbaugh meme from the reagan days.
geckosfeet
(9,644 posts)unblock
(52,113 posts)malaise
(268,664 posts)<snip>
During what could be his final campaign swing through the Old Dominion, Mitt Romney on Thursday centered his closing pitch to Virginia voters on American businesses, characterizing President Obama as inept at understanding how they operate and create jobs.
LisaLynne
(14,554 posts)their own failings on to others!
malaise
(268,664 posts)The Straight Story
(48,121 posts)NCTraveler
(30,481 posts)WASHINGTON (Reuters) - The U.S. economy unexpectedly contracted in the fourth quarter, suffering its first decline since the 2007-09 recession as businesses scaled back on restocking and government spending plunged.
Gross domestic product fell at a 0.1 percent annual rate after growing at a 3.1 percent clip in the third quarter, the Commerce Department said on Wednesday.
That was the worst performance since the second quarter of 2009, when the recession ended, and showed the economy entering the new year with no momentum.
The contraction, coming against a backdrop of tightening fiscal policy, could spur fears of a new recession and create an urgency for policymakers to deal with outstanding budget issues.
http://money.msn.com/business-news/article.aspx?feed=OBR&date=20130130&id=16056213
The stock market shows that many large publicly traded companies are doing well. Not that they are hiring or raising pay for employees. They are doing well for their investors and profits are increasing in many of them. I do think there are many positives related to the strong stock market, but the market as a whole needs to turn around. Not just for the investor class. It is great news for many people looking to retire who had their 401K rutted by the recession. For them I am very happy.