Anyone with a 401k or similar retirement fund is much, much better off now. All Municipal and private holders of funds holding stocks are much, much better off now.
Pension funds are flush again. Thank you, Obama!
QuoteAnyone with a 401k or similar retirement fund is much, much better off now. All Municipal and private holders of funds holding stocks are much, much better off now.
Pension funds are flush again. Thank you, Obama!
Anybody got a graph or a link as an answer to this? Cause it's making my head hurt.
We're dealing with weapons grade stupidity.
WMS
...
What these idiots are seeing is the effect of inflation. Williams at shadowstats has that at over over 10% (http://www.shadowstats.com/alternate_data/inflation-charts) using that archacic version of CPI that actually incliudes gas and food.
The underlying economy is as bad as ever, its just that much of the deleveraging has occured and we are starting to see the inflation finally show up. The normal response at thei point would be to raise interest rates. However, when the government is running 1.5 trillion in deficits they can't do that- going back to even 3% will add 45 billion a year just in interest
WMS
Translation plz?
WMS
Translation plz?
I think that's Weapons of Mass Stupidity .
QuoteAnyone with a 401k or similar retirement fund is much, much better off now. All Municipal and private holders of funds holding stocks are much, much better off now.
Pension funds are flush again. Thank you, Obama!
Anybody got a graph or a link as an answer to this? Cause it's making my head hurt.
[/quote
Remember, this is the same type of person who bought into the term "jobless recovery".....