What's up
 

We now have more people employed tha before the recession but mostly in poor paying jobs.

Wall St. looks to either break 17,000 or go into the toilet.

The Fed is holding interest rates artificiall low - hurting senior citizens the most.

So what is responsible for this?:confused:

Banksters:eek: Government:eek: Working hand in hand to to rob use blind untill the fiat currency collapses.

Well I am quite certain the boys in the big casino in lower Manhatten are up to summat

The DOW is high, in part, because of the low wages.>>>>The "investor class" is seeing wealth transferred up the chain from the working poor.

The FED is attempting to stimulate consumerism by holding down interest rates. It isn't working because even people who are working, but perpetually broke anyways, cannot afford any more debt whether the interest is 20% or 0%.

It's class warfare, Rob. And the "little people" are losing. In many cases fighting diligently against themselves, because they don't believe "class warfare" exists.

So, obviously giving tax cuts to billionaires and corporations who find ways around paying them anyways, is the only sensible answer.:rolleyes:

Dave

Wrong as usual.

Dave

We now have more people employed tha before the recession but mostly in poor paying jobs. We added around 2 million more people to the working age in that time also. So persentage wise we are down.

Wall St. looks to either break 17,000 or go into the toilet.Everybody chears these records, the fact of inflation needs to weigh in and population growth. Plus the QE suggar rush on the market, Just because there is more dollars in serculation doesn't mean there is any more value/ purchasing power,

The Fed is holding interest rates artificiall low - hurting senior citizens the most. No hurting everyone that hold fiat currency. And earns it for that matter when your wage increas is based on inflation. When interest rates or lower than inflation the banks are robbing you.

Blah, Blah, Blah...................

Nope, guess again.

Dave

I'm seeing it here in the real estate market.

The market is in the tank, but the majority of sales in this area are going to cash buyers. There are people out there with big wads of cash buying them up. My house is going to a cash buyer. For $15,000 less than I paid for it 10 years ago, and I think I did well. The Real Estate Agent I used told me that every house sale he has had so far this year has been cash.

Probably why the bastards drove it into the tank to begin with? :rolleyes:

Dave

You act as though there's someone behind the scene pulling levers. The only problem is there isn't. In fact, Obama is under the sheets with big finance and I'll bet he shant becoming out anytime soon. I can hardly wait to see how much he gets on the lecture circuit.

No. There doesn't have to be anyone "behind the scene pulling levers" when the problem is systemic and excepted, yet damaging behavior. It's called "avarice and greed." You know; "The only thing that matters is my personal accrual of ever more wealth, even if I have to screw millions of people to get it."

And, then you follow that statement that no one is "behind the scene pulling levers" by claiming "Obama" is "behind the scene pulling levers".:rolleyes:

Dave

There is cash coming from China, Russia and South America for Real Estate.

The Chinese have a new term "Naked Chinese". :D

http://www.miamiherald.com/2014/06/0...-who-sent.html

Can you please enlighten us.

Negatory bhunter.

You don't get to get away with that bullshit.

The entire Sub Prime Ninja Loan Real Estate Bubble and it's inevitable bust all happened on your boy Bush's watch.

So as much as you right wing shills try to rewrite history to the contrary there are lots of old Dudes like me who can remember what really happened.

There is plenty of blame that predates Bush. How exactly was GW responsible for the loan debacle? Do you think the democrats have no responsibility? Anyone with a pulse and a modicum of knowledge of finance knew that it wasn't sustainable back in the 1990s. The real sad part is that those so called finance experts still have a soapbox and people evidently still listen to their irrelevant drivel.

PS: have a safe and sane move. Hey, I like that phrase: 'Safe and Sane." IIRC it was on boxes of fireworks I purchased as a kid.

Let's face it folks the design of the mortgage system here was just begging for someone to do what was done. it invited people to game the system.

Exactly people saw home prices rising year after year and thought they could buy and sell after a few years for big profits. When that bubble burst those same people were left with a steaming pile they couldn't afford.

Problem is the jobs look good percent wise but the income level of those jobs added have dropped from what they were before the unemployment surge. Jobs not paying a living wage are almost as bad as no job.

It was not only that Mike, why did we need mortgage finders, points, title companies, there were so many middlemen that got a piece of the action but had no responsibilities. The the practice of bundling mortgages as securities, who was the barking idiot who dreamed up that scam. Then they came up with derivatives - whoo boy.:rolleyes:

Rob, I dealt with all of it when I bought my first home in 2007. They told me I was approved to $425k for a mortgage. Based on what I make that is insanity. The whole home buying business makes me sick. They are glorified used car dealers.

I see the future, where the united states is one big Potters field...trashy shacks rented out to desperate poor people at high rates so they can never ever get ahead, never have any hope.....

http://upload.wikimedia.org/wikipedi...Mr._Potter.jpg