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Stocks closed Friday’s seesaw session slightly lower. The major indexes notched up their worst weekly performance since September.
Worries about Europe's debt crisis flared up again Friday after Italy had to pay 7.8 percent to borrow for two years at a debt auction. It's another sign that investors are growing hesitant to lend to European countries.
For the week, the broad Standard & Poor's 500-stock index fell 4.7 percent, giving back almost two-thirds of its gains in October, the market's best month in 20 years. CNBC reports that the U.S. stock market saw its biggest percentage loss for a Thanksgiving week since 1932.
Higher interest rates on government debt backed by Italy, Spain and other European countries have rattled stock markets in recent weeks. When borrowing costs climb above the 7 percent threshold, it deepens fears about a government's ability to manage its debts. Greece, Ireland and Portugal were forced to seek financial lifelines when their interest rates crossed the same mark.
Markets have been battered this week as governments in Europe and the U.S. struggle to tackle their debts. The Dow lost 248 points on Monday as a Congressional committee failed to reach a deal to cut federal budget deficits. It plunged 236 points Wednesday after investors balked at buying German government debt.
AT&T's stock price fell. The company said Thursday that it's budgeting to pay $4 billion in break-up fees if its attempted $39 billion takeover of T-Mobile USA from Deutsche Telekom falls apart.
Retailers were mixed on the Friday after Thanksgiving, the traditional start of the holiday shopping season and usually the busiest day of the year for retailers.
A record number of people are expected to show up at stores this weekend to take advantage of deep discounts. The National Retail Federation estimates that 152 million people will go shopping over the three days starting on Friday. That would be an increase of 10 percent from last year.
Friday’s trading session ended at 1 p.m. ET. The U.S. markets were closed on Thursday for the Thanksgiving holiday.
The Associated Press and Reuters contributed to this report.
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The United States is in line to get our country foreclosed upon, just like what’s happening to the European countries.
I think most people have figured out that Wall Street is one of the most corrupt and ethically deprived institutions on our planet. I think most people also know the media is bought and sold just like most politicians. We also know that Wall Street is one of many tools of the elite but not the main tool. What is very clear is that our financial system has an architect and carefully designed plan that is playing itself out in Europe.
The International Monetary Fund (IMF) is very brazen in its fear mongering that we have lost a decade economically. Especially since the IMF has been one of the biggest contributors to perpetuating the instability of the European crisis. The dominoes are beginning to fall in what is an orchestrated attempt by the banksters to consolidate Europe and eventually the rest of the world’s economies under one umbrella that is to be controlled by those that have always controlled currency and money. The most egregious aspect of this contrived extortion is that they are blaming the people who are the backbone of any economy instead of their greedy corrupt political and business leaders.
George Papandreou was pressured to quit because he lapsed into a morally and ethical responsible position by trying to give the people of Greece a say in their economic future through a referendum. This vote would have given the Greek people the choice to stay in the Euro zone and allow their country to be foreclosed upon by the banksters or leave the Euro regain their sovereignty and coin their own currency once again. The IMF bullied the smallest country as a litmus test for what is going to be a much more challenging foreclosure process when it comes to the larger economies. Italy is now in the cross hairs. This dilemma you are watching unfold goes to the core of the rotten apple that is the world’s financial system.
Folks, you are witnessing the death throes of a corrupt financial system where the stock markets and the fractional reserve banking system are at its core. The volatility in the stock markets are a microcosm of the greed, theft and corruption that has perpetrated all aspects of our and other countries economic systems. In the United States, It doesn’t matter who’s in office. Our political system has turned into a two headed one party system with both parties serving their masters, Wall Street and the banksters/Federal Reserve. The stock market is just another ponzi scheme whose intent is to fleece the gullible at the bottom of the pyramid. The stock market is a rogue element of a financial system that is meant to funnel the wealth to the elite/banksters who soicopathically control our financial lives. It is reaching a point where there is nothing to take anymore from the 99% of the world. The banksters would separate you from your rainy day fund if they could gain access to your shoe box or secret compartment in your purse or wallet. The stock market isn’t the main problem; it’s the fractional reserve banking system that has set the foundation for outright theft. We are experiencing the biggest bank and investment robbery in history and the banks and financial institutions are doing the robbing. When you blame one political party or another they have you right where they want you, in fear, divided and distracted to the theft that is going on right in front of your eyes each and every second of the day.
When you have people on Wall Street day trading and speculating making half a million dollars a year in their twenties betting on people being foreclosed on, you need to ask yourself what is the true purpose of our banking system? At the moment it is largely a theft on the American public. MF Global CEO, ex Goldman Sachs CEO Jim Corzine knows this and knows that nobody with his connections have served any time for stealing the investor’s money (1.2 billion at last count). The financial system’s main mission should be to allocate capital to areas of greatest growth in the real world economy. Yet they allow all kinds of broker speculation and financial gimmicks such as the derivative markets which are based on non-realistic side bets which are now in the quadrillions. The derivatives market was illegal for most of the 20th century.
The European banking crisis is a prime example of what is going to happen to all economies associated with stock market fraud and the Federal Reserve banking system. The financial strife in Greece is the model that will befall most countries. Greece is but a symptom of a cancer that has attached itself to the world’s economies. The Federal Reserve (which is neither federal nor a reserve) has been creating money (monopoly money) out of thin air and charging interest on it insuring a debtor economy for anyone who chooses or is forced to get involved with the Federal Reserve and their fractional reserve banking system. That is why this whole European or any countries current debt crisis will never be resolved and will be preyed upon by the stock market vultures. The Federal Reserve System is designed to cause economies to fail.
If someone loans you two dollars to run your economy and expects three back for the loan and interest how are you going to pay the third back? You can’t unless you borrow more dollars which puts you in perpetual debt and in a constant borrowing cycle to pay off the debt. This is designed not accidental.
Here’s the kicker, once the Federal Reserve/banksters have you struggling to pay off your interest, they send in their loan sharks the International Monetary Fund (IMF). The IMF will loan you money to cover your ever burdening interest payments but they attach a provision that if you default, you will have to give them your assets in what they call privatization (foreclosure).
Since the interest is exponential, you will default and the banksters will come in and try to foreclose on your country, like Greece. They are being told to sell off their own country to pay back the people who caused the mess to begin with. This allows the elite to steal your intrinsic valuable assets because they gave you paper (loans/debt) and the interest on the debt that is systematically impossible to pay back. This also allows the parasitic stock speculators to profit from this designed theft. They not only know the outcome of an economy, they can gamble on the economic bubbles at the investor’s expense. This cancer goes all the way down the food chain.
In the United States case, it doesn’t have to be that way. In our constitution, in Article 1, Section 8, it stipulates that we can “coin money” as a nation and avoid the Federal Reserve’s interest (fee charged on loans) black hole.
So don’t be fooled that the Europeans have come to grips with their financial debt, it’s impossible, it’s a virus that has spread around the globe. Hopefully the Greek people will get their referendum so the Peter Principal will kick in for the Federal Reserve. The stock market vultures will continue to contrive “financial instruments” (credit default swaps/credit derivatives) to defraud the people of the world.
Banks, Central banks, World Bank, IMF = Federal Reserve = Debtor economies, Debtor Nations (economic slaves) and carrion for the stock market derivative heist.
Get a blog. If you can't make your point in a paragraph, I don't care what you think.
And if you can use your real name and take ownership, why should anyone care what you think?
What a douche bag reply!
you wrote a long screed that no one will read.
I for one thought it was a great post with real ideas!!! All of you negative posters are just mad because he states the truth about many things you are against!!!
When will the rich understand that by giving just a little will help them in the long run!!! They must not have passes their economics classes in college?? Because if they were to spread around some of that money sitting in their coffers, maybe our economy would rebound some!! I mean if the masses have more money they would only feed them more money in the long run!! TRICKLE-UP economics!!?? They are all too intelligent for this I guess!!
probably because the teabaggers dont like to read if its not in crayon...
Poor Wall Street.
Isn't that like lamenting when Circus Circus loses big to some penny ante in LV?
I hope the rich lose a lot of money!
Jake, people with your attitude are why our education system sucks as badly as it does.
"Shorter the better!" "Simple not complicated!"
Dumbing down America is part of why we are in this mess because some Americans can no longer tell fact from opinionated information and rely more on others who they see as the smart people to tell them what to do instead of educating themselves on a topic and making their own decisions.
Capitol One is notorious for following this business model with it's customers keeping them in debt for years to come.
Which is why inevitably a one world government will form ushering in a new era where all borders are open and all the world's citizens can choose anywhere in the world to live and prosper. Wages of the world will be set a new as a standard of living will be an entitlement. Now where will the super rich go to find cheap labor? Outer space? Aliens on another planet out there in the solar system?
Hey Wall Street, "Pay back the money you Swindled from hard working American Citizens before you take your Bonuses, Dirtbags.
What a load of liberal crap. If you don't like banks, don't borrow money. If you don't like wall street, take your money out and bury it in the back yard. Leave the investing to us adults who actually take the time to get educated and make over 10%/year even in these times.
Where do you idiots think everyone's union pensions are invested? Where do you think Buffet, Gates, Soros, Gore, Obama, and other rich liberals put their money, a cookie jar?
Politicians couldn't be bought if they weren't for sale, put the blame where it belongs. Check out who wall street and bankers gave all their money to back in 2008. If you don't like it vote the campaigner in chief out.
All the individuals who have posted on this topic need to read the novel "Atlas Shrugged" by Ayn Rand. As for my opinion I do not believe the rich are solely to blame for the economic crisis. I do recognize that some of these wealthy individuals are quite corrupt but the vast majority are doing exactly what everyone else should be doing and that is adding value to our economy. They accomplish this not through providing handouts, or stealing money from others but by being the most competitive, objective businessmen and women they can be. Some of the previous comments on this page frighten me because they show just how far a portion of the American population has gone towards the perils of "social equality". I grew up on a ranch. Whenever a horse was acting up or I got bucked off my grandpa would say "You have three options. Go sit in the truck, cry, or get back on. The American people need to get back on, go to work and quit blaming a minute portion of the population for their problems. American was founded upon the principle of freedom, that includes freedom to empower and better our own circumstances.
1932....wasn't that the grea...
Schadenfreude.
remember that the Titanic was considered unsinkable at one time...
This country, and a lot of others, need a new direction. We are quickly going towards disaster and we dont seem to have what it takes to change that. People have become spoiled and now demand the deficit spending that puts us into this situation....without thinking about the fact that it cannot be sustained.... People want more than what s earned and now they think that they can demand it. Politicians are in the business of trying to appear to be Santa and foolishly are making everything worse....Quit the stupidness and get back to reality...and honesty.... Too many people are waiting for the magic trick and it will never happen....
Unfortunately cost of living in the U.S. has placed many people in a position as such based upon the greed of others price fixing market values. The demand will not be changed until prices in the U.S. come down in order to afford many Americans the privilege of living in their own homeland. Healthcare is outrageous in this nation and daily bankrupts many. You cannot sustain an economy where 73% of it's citizens make up your profits at days end of business, if your not willing to compromise with your own super rich standard of living. It makes no sense to pay million dollar salaries to corporation's product line to keep their talent which is hurting the economy as a whole in this nation. Human resource departments are to blame for this all over the U.S. Colleges teach high salaries as well because they have you by the gonads with the cost of their greed priced education to keep talent of professors and administrative staff. Salary caps need to control labor costs but until the world as a whole comes to an agreement on this we will always be plagued by high costs of living.
That's a lie. It is government that put the people in this position. Easy home loans over inflated housing prices, easy college loans over inflated tuition, and easy health care money, (Medicare/Medicaid), over inflated health care costs.
Taxing the rich is beyond stupid. Removing the Bush cuts for the rich gets you $70 billion, where does the other $1.25 trillion shortfall come from? Fixing 5% of the problem does not fix the problem.
The private sector produces, the public sector only consumes. The more you give the public sector the more the private sector suffers.
Democrats inherited 4.6% unemployment when they took over congress Jan 2007, look it up. This whole disaster is on their watch. Over three years of 9% unemployment with no end in sight, that is their legacy. Trillion dollar deficits year after year, that is their legacy.
Okay p111, why were those prices inflated for in the first place, hmm? Are you saying that they were inflated through no fault of the people that run those industries?
Sure the Government is part of the problem, but industries that continually hike their prices with no valid data for doing so, all of the ones you listed and some you did not like TelCo/CableCo, are also part of the problem.
Geo...that is where the free enterprise system is supposed to work....When one company raises prices too high, another company should have the ability to be competitive in the market and stabilize the price. But now, most of those products are not produced here and big box stores are importing the same stuff from foreign countries. You will notice that the cheap foreign products are not so cheap anymore. Now that they control the market, they dont need to continue with the lower prices. Meanwhile, our government has concentrated on limiting production and companies here so that we have few companies that can afford to operate and offer products at a good price. Besides, there are no longer so many competitive companies selling products. They have been replaced by much fewer big box stores. Your choices of going to the competition has been greatly reduced...besides, the big box stores already control the retail markets and the assortments of goods available. The suppliers will always sell to the Walmarts cheaper than anyone else because they dont want to lose that outlet. They dont care if they lose the small independent store and the small independent stores have been disappearing.
If my memory is correct the neucelur clock is set at 7 min. till midnight . The world economic clock is now at 30 seconds till midnight . The EU countrys bond ratings ars falling like snow flakes . Our country can only tred water for a short time longer . Tell us the truth befor it is to late !!! We are looking at the start of another world wide depeshion
bob
Learn how to spell nuclear.
Hey JA????? Corporations/wealthy want more than is expected!!!!!!!!!!!!
John....yea, sure, If there were no corporations, everything would be wonderful wouldnt it....Everyone would have great jobs. The wealthy should all just have to hand out their money to all the people on welfare and the world would be perfect. Rich people are just concentrating on holding you back and keeping you poor.....That is their goal....They pay no taxes and they are just trying to steal your last ten bucks....It just couldnt be any of your own fault...could it???
Ja?? Im not poor , I just care about my fellow americans...to bad you dont!!!!!!
Oh....boohoo....You are such a wonderful person...What good has all your caring and crying done??? You just want to kill the companies that people work for....That makes sense only to the left....But, cry a little more about how caring you are....
Nobody's buying washers/dryers so inflation is in check (don't look at your food/utility bill).
The economy is growing at a resounding maybe 2% (counting the gov't spin).
Unemployment is coming down (more people falling off the payment rolls and others not counted).
Companies like Verizon are doing mini-rif's so the gov't doesn't track them.
The super rich are trading stocks with one another (Say goodbye to your 401k shortly).
The fed's printing money so fast the dollar may be in danger (but their buying only helps the market not you).
You gotta love it!
Wall Street, how are those bribes you are delivery by the truck loads to the Republicans working for you?
We will endeavour to persevere, at your expense.
Yours truly,
Wall Street
I am looking foreward to watching you guys jump out of your penthouse windows when the ( fake & phony ) Market crashes . ROAD PIZZA FOR ALL !!!
When will the rich understand that by giving just a little will help them in the long run!!! They must not have passes their economics classes in college?? Because if they were to spread around some of that money sitting in their coffers, maybe our economy would rebound some!! I mean if the masses have more money they would only feed them more money in the long run!! TRICKLE-UP economics!!?? They are all too intelligent for this I guess!!
I am a 75 year old veteran and, as with many of my peers, believe I was fortunate to live through an era of near limitless opportunity for anyone willing to roll up their sleeves and strive for something better than their parents had. I am saddened to think of what awaits my grandchildren as this country comes to grips with the result of greed, duplicity and war-mongering that has led us to the brink. The elected leaders of this country, Dems and GOP, alike should hang their heads in shame at what they have allowed to happen by putting their personal welfare ahead of the countries. The fact that this country now spends more on its military than the next 17 countries combined is a sad commentary on our values. It will be our ruination.
I agree with the "hanging their heads" part :-)
And I'll add from a post I made earlier this week.
THE ten biggest defence budgets for 2010 add up to a total of more than $1.1 trillion.
The defence budget of America at $693 billion, accounts for 60% of the total.
China ranks second in the biggest defence budgets spending some $76 billion. (Financed by the US via interest payments and goods purchased, IMO)
Are the Chinese smarter? They use our money to finance their military and save $600 billion. Russia went bankrupt via military spending, but we're smarter, right?
http://www.economist.com/blogs/dailychart/2011/03/defence_budgets
I agree Saltedog. Isn't it amazing how the insatiable desire for money and power consumes and blinds people's conscience.
And america's biggest problem is the tea bag terrorists
The Chinese will be coming to America to steal our Pu$$y. Hide your daughters, they have no nookie in China.
Ultimately what China is going to do is demand payment from the U.S. defaulted borrowing. This may in turn usher in WW3. There is more than meets the eye still to happen to the world's economy as more and more nations will ultimately be unable to pay for their borrowing to keep their own nations economies afloat. Inclusive, what surprises us is no nation including ours is willing to set market caps on prices to stem the tide of financial tsunami. Just pay and go on with the mental attitude "oh well, prices go up. Just pay and move on". Just no backbone in anyone's spine these days to come to an agreement all over the world that prices are out of hand especially with healthcare.
Wow its pathetic that the health of the economy is tied to something as stupidly idiotic as the stock market. Get rid of the stock market, and our nation's corporations can finally start making business decisions that not only make sense, but are ethical too. Going public is among the worst things a company can do.
The vast majority of the stock trades are resells, not original sales, and contribute nothing, zero, nada, to the busnesses that generated the stock.
Brian-1075075, are you saying a company's share price, its "market capitalization", means nothing to the company?
We could argue at length about whether market capitalization is significant to the continued existence of a company but resale value of stock provides no funds to the company for expansion or operations. In a rational market it may serve as a measure of the company's health and increase the borrowing power of that company but, as was aptly demonstrated in the dotcom bubble, the market isn't particularly rational.
Brian...You dont seem to know the basics....Companies depend on the needed higher value of its stock. They can issue new stock offers if the price is strong or they can sell some of the stock that the company owns to raise money for expansion, new equipment or to produce a new product. That all would be very difficult to do if the stock was losing value....
I have a pretty good grasp of the basics and have very little use for traders who try to jusitfy their existence through trying mislead others about their importance in the process of capitalism.
The stock Market no longer has anything to do with reality. We aren't tied to them at all. A week after the next crash people will be doing all the same things we are doing today. If we are lucky most of them will jump out of their office windows when it crashes.
Yep, your always at the mercy of investor whims to make money off what you borrow from them. Problems is most investors whom become greedy don't have a well balanced portfolio and worry all the time to the point of constant dissatisfaction of a CEO's performance to build profits. Too few in Wall Street call the shots.
Don't blame it on Congress, they're idiots, and idiots aren't responsible.
even idiots are responsible for what they do, these idiots are using their positions in congress to make money off of the bills they pass, by having advance notice of what bills are going to pass they can ( invest ) in stocks of the companies involved and make millions while it is illegal for the private citizens to do this.
having advance notice and investing like this in some cases causes congress to pass some legislation that is specifically designed to give them an opportunity to make money without giving a thought as to what if any good the legislation will do for the country and population as a whole
53% of the workers are paying the federal bills for 100% of the people in this country.
You think a lot of your self, the 10% are paying the freight. Everyone who works pays taxes.
THE GREAT DEPRESSION 1929
BLACK FRIDAY 1987
THE GREAT RECESSION 2008
Which party was in power when these occurred?
(hint: GOP)
durt
You should check your facts.
Here is a place to start.
http://www.dflorig.com/partycontrol.htm
The Titanic is crashing and burning. Our governments limitless corruption, greed and lust for power will be our undoing.
This is all the MORE reason why we need to pare back government 30% and replace the current income tax code with the flat tax proposed by Steve Forbes way back in 1996. That way, we get less government hogging of American financial resources and the income tax system favors REAL economic growth for a change.
It's never gonna happen. No one is going to let a flat tax happen. We may lose some deductions, but they will probably be things like interest deductions on individual homes.
Corporations are not going to let the tax laws change, no matter who gets elected.
Flat tax is a friend of the fat cats. Not a good deal for most of us working folks.
What really needs to happen with taxes is reform to the point that Americans whom make less than 65 grand a year should never have to pay taxes based on a broad spectrum flat tax. It will create poverty of the worst kind for many Americans. It needs to be an adjustable tax rate based solely on income that is not broad based. For instance, 5% for people making under 25 grand a year, 7% for under 40 grand a year, 8% for under 60 grand a year, 10% for under 150 grand a year and so forth with a cap. And these rates never change and the government learns to work within it's financial boundaries. The reason we have such big government these days is not it's people. It's the business's of this country throughout the years placing regulation to stifle competition. Our government has always been "bought out" by big business. Granted there is some government worth keeping when it comes to our health and well being for regulations to protect it's citizens. What we don't need are regulations in place to stifle fair competition which are written everywhere as well as tied to a tax structure that is asinine.
WHAT THE HELL IS WRONG WITH YOU PEOPLE?What the Hell do you all expect?I'm really really getting sick and awfully tired of this News Out let putting in so called BS Good News and it turns into THIS!
Get it through your THICK SKULLS the WHOLE WORLD IS IN HORRIBLE SHAPE.Even China and don't let these STUPID CLOWNS fool you saying it isn't BECAUSE IT IS.China doesn't show her losing cards.She's very crafty and sneaky.
To all you blaming the CORRUPT POLITICAL PARTIES of this Pitiful Country.BLAME BOTH SIDES,this started when all the STUPID GENIUSES, decided to go with a GLOBAL ECONOMY!
It was a GLOBAL ECONOMY AND ALL THE CORRUPTION THAT WAS ENGINEERED BY IT THAT HAS BROUGHT US TO HERE.
Lastly and mostly BLAME YOUR SELVES for being asleep at the wheel.Where the Hell were you?
So here we all are one big Happy Family and there's going to be Hell to pay.Get Use to it.
gloria -
The US was built on a global economy.
When I say Global Economy I'm talking about the Global Economy for the last 25yrs.Not the economy when I was growing up.
The global economy has change drastically, and it's not for the better.I'm talking now mainly about how it has changed the US.Jobs Gone,Factories Gone and the list is endless.Yes we were once the to global exporters.Now what are we?We're importers and a service ecomomy?
No Brian I'm sorry to say you can't survive on being importers and a service economy.It doesn't look to good,no matter what anyone says.
So you're talking about the global economy part where we have a negative balance of trade. Shoe on the other foot kind of thing? Might as well get use to it. I don't believe the US has the infrastructure or national will to turn it around in my lifetime.
Brian it has to because mark my words there won't be a US even in your life time.This country is going down hill Fast.
The problem is many people either won't or can't realize it.
Some How and in Some Way they better Get the Will!
Where am I and why am I in this hand-basket?
I agree gloria, by going globe wide, greed took over. Taxpayers bailed out Wall St and the banks, and what did we see happen? Big bonus for them, loss of 401K's to many taxpayers. The one way to help our country is to buy American made products, if you can find them. Quit buying the Chinese junk.
Bingo SallyAnn!Bingo!
SallyAnn - America has bailed out teh banks seven times since 1929. They aren't very good at what they do. Taxes bailed them out and they put the profits in their pockets. Pretty good deal if you can get it.
When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that is does no good to work because someone else is going to get what they worked for, that my friends is the beginning of the end of any society. Remember just 53% of workers actually pay federal income tax now. tic toc
You have the wrong statistic. 53% of all Americans do not pay income taxes. I do not because I am retired and do not have a taxable income. That does not make me a freeloader nor does it make me poor and on welfare.
Excellent post MasterQ!!
People can be so one-sided and bend the statistics to their point of view.
Well most workers take their standard deduction on income taxes, probably including you. So you can count yourself amoung the freeloaders.
"A genuine leader is not a seeker of consensus, but a molder of consensus." MLK
No one on the hill has had the ability to "mold consensus" on balancing the budget since Newt Gingrich, 1994.
you mean Clinton
Tricky dick nixon is the moron who took us into the globalization of the world, which has sunk the entire world. It only took one bad apple, like the crook nixon, to sink the world. If that was not enough, the moron took us off the gold standard. That was another clueless move by tricky dick. God help america for electing such a crook.
Obama put his plan in place with his super majority. Democrats, with total control, put the US where it is! TOTAL CONTROL! This is Obama's MESS! This is the Democrat Party operating with total control. You, know like Chicago and Illinois: bankrupt, high unemployment, most politically corrupt government in the world And now it has added Washington. Thank you, Obama!
That total control you're talking about didn't last long enough to make a difference. Remember Ted Kennedy passed and Scott Brown was voted in through a special election. Be greatfull the Dermocrats won big in 2006 and 2008, things could be much worse. Bush is the one that had total control from 2000-2006, which His policies drove our Counrty in the ditch ( reconciliation act of 2001 and 2003, 2 wars unpaid for and the perscription drug program unpaid for). Who are you trying to fool?
"A record number of people are expected to show up at stores this weekend to take advantage of deep discounts. The National Retail Federation estimates that 152 million people will go shopping over the three days starting on Friday. That would be an increase of 10 percent from last year." I think your pushing it again MSNBC!!!
we'll know in a few days.
Wall street is comprised of nothing but thieves and con artists. Talk to my brother what he experienced for 16 years, he developed a concious and to them to go to hell where they all belong.
Case in point, invest 100K in your 401K, and see what kind of a return you get all the while your broker is making millions.
If you what to gamble, do research and invest by yourself, that way nobody is milking your account.
Wall street is comprised of nothing but thieves and con artists. Talk to my brother what he experienced for 16 years, he developed a concious and told them to go to hell where they all belong.
Case in point, invest 100K in your 401K, and see what kind of a return you get all the while your broker is making millions.
If you what to gamble, do research and invest by yourself, that way nobody is milking your account.
F wallstreet
John.....Such profound intelligence!! You must have all the correct answers....
The big picture is terrible. It is beyond repair. As Bernanke prints more money, credit will deflate even faster! Who would want to lend money to the US government and the US consumer who has already displayed inability to pay. Consumers consume, go into debt and go bankrupt. Only producers prosper. That is not us. Government intervention into free markets to save obsolete industries is delaying the recovery. Instead of getting further into debt, we need to re-align our economy to focus on what works. Our problem was debt to begin with and we are doing more of the same to fix the problem. It won't work. Kondratieff Winter has started!
www.kondratieffwavecycle.com/kondratieff-wave/
It is going to be a deflationary crash and Great Depression will pale.
The DOW is still up from where bush left it on Jan 20th 2009 "7,949" so we can't bitch!
And we were losing 750,000 jobs per month, millions were losing their homes.
tryreality
And we're losing 395,000 jobs per week now and still have millions in foreclosure. Some improvement isn't it?
Its time they get a Bonus for their hard work destroying our Economy and our Nation, Good work boys. Lets give them a "RAISE"