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I find it funny that last week stocks jumped almost 200 points in one day because of a current report that showed new housing starts were up. However, two days earlier a report had been released showing that current home values continue to fall and so did the market that day. Now we are told that newly built home pu...more
Actually VF the money supply in this country isn't static like you seem to imply. The money supply goes up and down as determined by the Federal Reserve. It was explained on NBC nightly news that when the Fed decided to start buying up the US's bad debt that more money would have to be printed in order to do this.
Taxpayer1, I didn't really expect to get an answer from deklen. I find that Liberals don't answer questions that make them look to close at their own policies. Detroit is the perfect example of Liberal policies gone bad. This is the handout city of America, and all the Liberal promises have failed. deklen is a Socialis...more
DEKLEN, Since you blame the Republican's for all our country's ills please explain something to me. I live in suburban Detroit. As those of us who live here know, Detroit is an economic wasteland. Please explain to me how "repub policies turn many into poor and then neighborhoods into trash" as it is related to Detroit...more
The hypocrisy of the stock market is displyed in this article. Retail sales are up 0.8% but Best Buy has sales of $500,000 less than their 3rd quarter projection. This means their sales were probably down or at least flat compared to last year. How much did their prices go up this past year? And yet the stock market go...more
Thanks to those of you that answered my question. You made my point. I don't know what the Federal propaganda machine is quoting as the current rate of inflation but I will tell you it is full of garbage(I've heard around 1.5%). I was laid off from a local SE Michigan hardware retailer in Sept. As management we receive...more
If the stock market is so forward looking but what they see is inaccurate information then it is based on a false premise. And if what MidWestModerate say is true then it would not have reacted so dramatically to current economic factors so unequally.
MirageGuy, You are right that the debasing of the dollar may play a part in the increase in the market but the 250 point jump on Tuesday was driven by the report of 93,000 new jobs in Nov. And a 107 point jump the next day based on pending home loans of which most won't actually be approved. And gold and silver prices ...more
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