By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Forums - Politics Discussion - Dow Jones is highest it has ever been! Thank Obama and His strategies?

It's weird how the money hasn't tricking down yet



Bet reminder: I bet with Tboned51 that Splatoon won't reach the 1 million shipped mark by the end of 2015. I win if he loses and I lose if I lost.

Around the Network
chapset said:
It's weird how the money hasn't tricking down yet

Unemployment is down and the housing market is recovering. We're getting there.

Can't expect the thunder to come before the lightning.



Dow Jones anyone else feels like this is a name fit for a rock star.



 

Bet with gooch_destroyer, he wins if FFX and FFX-2 will be at $40 each for the vita. I win if it dont

Sign up if you want to see God Eater 2 get localized!! https://www.change.org/petitions/shift-inc-bring-god-eater-2-to-north-america-2#share

i prefer nasdaq 100.... not much big companies in dow



 

It isn't Obama. It's Bernanke and his continued loosing of monetary policy.



Around the Network

I'm doing pretty good money wise, I have my own apartment, nice truck, company car, my company pays for my health insurance and gas, yeah life is good, Thank you Obama I voted for you in 2008.



"I envy you. You North Americans are very lucky. You are fighting the most important fight of all- you live in the heart of the beast." 

Ernesto "Che" Guevara.

chapset said:
It's weird how the money hasn't tricking down yet


It is... just not in a way that's even and helps everybody... because the recovory has been almost nothing but investments.

So the recovery helps pretty much anybody who has investments....

which is a lot  more people in the US them most other places....   ~50%.

but if you don't have investments or live in an area where people have investments....





It is not Obama, it's Bernanke with his 0% interest rates and QE infinity. It's a false sense of prosperity.



currently playing: Skyward Sword, Mario Sunshine, Xenoblade Chronicles X

I don't understand anything about this but I find it a little shocking that Dow Jones and DAX (that German thing) are on record breaking routes although economy and the whole world is supposed to be struggling at the moment. Doesn't make much sense to me. Like people saying video games are doomed although this last generation was the biggest ever.
It sounds like lame advertisement so people buy more and more...



Ostro said:
I don't understand anything about this but I find it a little shocking that Dow Jones and DAX (that German thing) are on record breaking routes although economy and the whole world is supposed to be struggling at the moment. Doesn't make much sense to me. Like people saying video games are doomed although this last generation was the biggest ever.
It sounds like lame advertisement so people buy more and more...


some people have the idea that somehow a high dow = prosperity and it doesn't.  Every time the market begins to sell off Bernanke goes and ups the stimulus.  He has said if the economy gets worse he is gonna up it again, even though they are printing more than the entire yearly budget deficit each year.  Well if you slap rats around every time they hit the sell button, they're gonna stop hitting it. This has spread worldwide now, every country is lowering interest rates even economies that really don't need to.  Many economies have ridiculous stimulus like Japan and the UK that are rapidly decreasing the value of their money.   Bonds are worth nothing anymore, so people are rushing into stocks, even central banks are moving lots more of their money from bonds to stocks.  That is why there is a disconnect between world markets and the reality on the ground.   The world economy is not doing very well, but most markets are hitting 52 weeks highs over and over. 



currently playing: Skyward Sword, Mario Sunshine, Xenoblade Chronicles X