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Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts

Monday, August 11, 2014

Putting the Investment Lie To Bed

For the past six years, Wall Street has enjoyed one of its longest bull markets (64 months at an increase of 191%). This is fourth on the list behind Dec 1987-March 2000 (150 months, 582%), June 1949-August 1956(87 months, 267%), and Oct 1974-Nov 1980 (75 months, 126%). While the top 7 percent of our country have seen a 28 percent increase in their net worth, the rest of us in the 93 percent have lost 4 percent of our net worth. The gap between the top one percent of earners and everyone else is the widest its been since 1928.

According to conservative ideology, all of this wealth at the top should pay off in our economy in the form of investments, right? We should be seeing massive job increases and a ton of economic growth. We are told, time and again, that wealth increase at the top means better days for everyone else.

Where are the better days?

Apparently, they only exist inside of the right wing bubble because the last six years should illustrate to everyone that this assertion is a complete fucking lie.

Friday, March 01, 2013

Good Question

Will Wall Street spurn GOP in 2014?

I say they will and it's because the Republican Party draws a good chunk of its numbers from people who are certifiably insane. When they money goes away, so will the crazy.