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JoePhilly

(27,787 posts)

10. All good news must be refuted.

Thu Jul 11, 2013, 11:28 AM

Jul 2013

If the market drops, its a disaster ... if it goes up, its still a disaster.

UE goes up, disaster ... goes down, still a disaster.

Housing prices drop, disaster ... go up, still a disaster.

Clearly, we live in District 12, and the Hunger Games are about to start.

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Stocks Soar After Bernanke Comments; Dow Rallies Above All-Time Closing High [View all] Lasher Jul 2013 OP

Yes, low interest for banks and high interest for student loans. Whatta country! sinkingfeeling Jul 2013 #1

I was thinking DU could stand some good news for a change. Lasher Jul 2013 #3

^ THIS ^ mac56 Jul 2013 #6

Yep, and are surprised by something most people knew was happening for decades. we can do it Jul 2013 #22

All good news must be refuted. JoePhilly Jul 2013 #10

Sheesh Lasher Jul 2013 #28

Exactly. JoePhilly Jul 2013 #29

Now we learn of a $117 Billion June surplus Lasher Jul 2013 #43

I would think by now you would realize that ... GeorgeGist Jul 2013 #2

The last figure I was from Barrons was that 10% of the population woned 90% of the stock. byeya Jul 2013 #15

The top 10% owns about 80% of stock market wealth Lasher Jul 2013 #18

Bernanke is doing a great job for the banks and crooks!.... dmosh42 Jul 2013 #4

Maybe your retirement money shouldn't be in banks making almost no interest. Lasher Jul 2013 #14

As to investments, I'm glad you feel the corporations are trustworthy, but beware! dmosh42 Jul 2013 #25

Interest rate suppression by the FED hurts retirees depending on a stream of income to byeya Jul 2013 #16

There's usually a spread between bank interest and mortgage interest. Igel Jul 2013 #20

Seems to me banks must be buying congressmen to vote for increased student loan rates wordpix Jul 2013 #23

please explain.... Roy Rolling Jul 2013 #5

Profits up, wages down KansDem Jul 2013 #7

Yes, income inequality has long been a major concern for me. Lasher Jul 2013 #9

Good sign for whom? KansDem Jul 2013 #12

A good sign for most of us, taking stock market gains alone into account. Lasher Jul 2013 #17

And yet the income gap widens as the markets grow NickB79 Jul 2013 #24

Yeah, but 67% had stock market investments in 2002 KansDem Jul 2013 #30

OK, I surrender. Stock market gains are incredibly bad! Lasher Jul 2013 #31

I agree. Bread lines are abhorable... KansDem Jul 2013 #32

There are many more millions on breadlines now than then. Except we call them EBTs these days. Psephos Jul 2013 #38

It's the "wealth effect" tularetom Jul 2013 #8

Also has direct positive effect on millions of 401k accounts. JoePhilly Jul 2013 #11

So all this proves Lee-Lee Jul 2013 #13

Thanks. Scurrilous Jul 2013 #19

Bub. Igel Jul 2013 #21

Well this will mean another offer to lower my interest rate upaloopa Jul 2013 #26

Now if only those wealthy bastards will invest that money back in the country. MrSlayer Jul 2013 #27

Hooray, but how about the price of gas that, really, affects the shrinking middle class and demosincebirth Jul 2013 #33

The best thing to depress the price of gas is a world recession, I'm afraid muriel_volestrangler Jul 2013 #34

What do you tell a guy who make 15 bucks an hour and comutes 40 miles a day...ride a bike? demosincebirth Jul 2013 #37

It's a message for the entire world muriel_volestrangler Jul 2013 #42

You know, you can probably write a sad Country Western song and make millions demosincebirth Jul 2013 #44

It is interesting..... dtom67 Jul 2013 #35

This isn't a sign of "economic recovery." It's just a promise to keep the stock market bubblizing. PSPS Jul 2013 #36

this n/t Psephos Jul 2013 #39

^This^ Celefin Jul 2013 #40

Was it 2 weeks ago when economy was so super-duper that Fed signaled tapering.... NoOneMan Jul 2013 #41

All the FED has is monetary policy and QE is creating an asset bubble. The Repubies byeya Jul 2013 #45