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!
Anybody got a graph or a link as an answer to this? Cause it's making my head hurt.
QE to infinity and beyond! Yes, the balance on your 401K is probalby looking nice and healthy now. Dow is at 13194 today. All time high was 14093
All is well. Obama fixed it.
Yes we just printed up a bunch of money and bid up those stocks. S&P tells much the same story. Expected divideds are up - largely because of Wells Fargo- more on that
hereMeanwhile earnings per share
are still falling and there are still not enough jobs begin created to keep up with population growth. We already posted S&P and DOw compared to gold in the Obama depression thread.
What these idiots are seeing is the effect of inflation. Williams at shadowstats has that
at over over 10% 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