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Thread: Dow Jones hits highest mark since 2007

  1. #31
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    Re: Dow Jones hits highest mark since 2007

    Quote Originally Posted by Ikari View Post
    He's not a Marxist. He's Status Quo, corporatism is a better designation.
    I would agree that it's closer to the mark.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: Dow Jones hits highest mark since 2007

    Quote Originally Posted by Ikari View Post
    He's not a Marxist. He's Status Quo, corporatism is a better designation.
    Dodd-Frank had some teeth -- very dull teeth.

    The Tea Party congress blocking the appointment of someone to head the new agency didn't help either.

    GOP = anti-consumer, anti-public safety party.

  3. #33
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    Re: Dow Jones hits highest mark since 2007

    Quote Originally Posted by hazlnut View Post
    Dodd-Frank had some teeth -- very dull teeth.

    The Tea Party congress blocking the appointment of someone to head the new agency didn't help either.

    GOP = anti-consumer, anti-public safety party.
    Hazlnut you are limiting yourself to much here...the teaparty congress is anti anything that doesnt give the rich more at the expense of everyone else

  4. #34
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    Re: Dow Jones hits highest mark since 2007

    Well the rich have gotten richer... kinda fits that the stock market is up and up.. Does it impact the average person.. nope.
    PeteEU

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    Re: Dow Jones hits highest mark since 2007

    Quote Originally Posted by Nick2253 View Post
    The whole reason people invest in bonds, commodities, and bank instruments is because they are lower risk aka safer.
    That all depends on how you define "risk" - traditionally, bonds tend to lose money during periods of economic expansion. That hasn't been true the past few years, but then again, we're not in a period of economic expansion right now so much as a period of economic "expansion"
    Quote Originally Posted by Nick2253 View Post
    People are investing in stocks because they want to. In other words, the markets are now safe enough to warrant investing. It's not because "there's nothing else."
    That statement wasn't meant to be taken literally. Indeed, there are an unlimited number of places to invest money, for example, new construction builds in Spain, Detroit municipal bonds, or Uncle Bob's Rabbit-Possum barbeque restaurant concept. Yes, people want a high liklihood of return, at the same time, they want a high liklihood of a good return.
    As far as T-bonds and CDs go: both are very strong investments right now. They have no risk and provide solid returns. If we suffer a double-dip recession, or even a cooling off (which is pretty common over the summer months), you'd be happy you're invested in long-term, zero-risk instruments.
    T-bonds have no risk? CDs provide "solid returns"? What? Neither is true due to inflation. (BTW, USNews, among others, recently identified T-bonds as their "Worst bond investment for 2012")

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    Re: Dow Jones hits highest mark since 2007

    'Ya know, I remember a time, before the Dow plunged, when it hit 14,000....... Which leads me to ask this question...... Which is better for America and it's economy? The cycles of boom and bust that we experience, or a steady growth of maybe 2 or 3 percent?
    The ghost of Jack Kevorkian for President's Physician: 2016

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    Re: Dow Jones hits highest mark since 2007

    Quote Originally Posted by danarhea View Post
    'Ya know, I remember a time, before the Dow plunged, when it hit 14,000....... Which leads me to ask this question...... Which is better for America and it's economy? The cycles of boom and bust that we experience, or a steady growth of maybe 2 or 3 percent?
    If you're talking just about the stock market - cycles of boom and bust that over time generate a return of about 10% are far, far superior to a guaranteed 2 or 3 percent return.

    This is just basic physics - compound interest is the most powerful force in the universe, (not to mention) the eighth wonder of the world, and the most significant mathematical discovery of all time...

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