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Why do they always blame the lenders for "foreclosure abuses" and "predatory lending". Why isn't it the fault of the people who over-extended themselves with borrowing to buy houses they couldn't afford? And now they're rewarding those scumbags?
The stock market doesn't have to reflect the economy. It could go up because of Bernanke and the cheap money. Also, fixed income/bonds are so expensive & rates so low that a rotation/rebalancing into stocks could lift the market. Also, many stocks now yield more than fixed income. When people get their insurance ch...more
The stock market doesn't have to reflect the economy. What you're seeing is wealth & cheap moeny that has to go somewhere & since fixed income is so expensive & yields so low, money is moving into stocks, which people have been avoiding since the 2008-2009 meltdown. As long as the Fed keeps th punch bowl out, the par...more
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