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No Recovery: This is Just the Eye of the Storm

Alice153 Wrote: May 07, 2012 11:29 AM

People keep forgetting that most of their retirement accounts are tied up with large corporations. By attempting to strangle growth, they are cutting off their own noses. Corporations are made up of stockholders (often in mutual funds for small investors). Kill off corporations and where is your retirement income? That is what Oboma calls the fair share; but, most people only think it means really rich people.

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Jim3645 Wrote: May 07, 2012 2:56 PM

Unfortunately, the OWS, Union Libs, and alike are not schooled in financial and economic realities. They don't understand how any of this stuff works, and so they are unable to understand the old adage, to cut off their nose to spit their face.

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No Recovery: This is Just the Eye of the Storm

Over the last six months the economy, our debt problem, and the problems in Europe have largely taken a backseat to the presidential race. Though things have often appeared calm, the truth is that nothing has changed.

Greece is still in trouble, as is Europe. Our debt situation has been ignored for yet another year. The Federal Reserve is still standing by with QE3. And our fiscal trajectory is still on a course for economic collapse.