Today the stock market is up triple digits -- a good thing, however the market doesn't seem to care about the unemployment rate of 10.2% announced on Friday.
Inflation is going to destroy the economy, sure you can make money in the stock market now, but that money has very little value as long as unemployment benefits and stimuli are being provided to A GROWING population.
That's all for now.
Monday, November 9, 2009
Thursday, November 5, 2009
Has it really been almost 5 months since I last posted something? I guess so. All streaks comes to an end.
I write today regarding the current insider trading scandals rampaging through the Streets of Wall. Legal greed was the demise of the economy, and now illegal greed is being proven to have not done much to the economy at all.
I'm not condoning dishonest actions on any level, I value integrity above all other things, however, it needs to be noted that while illegal activity potentially hurts people the consequences do not reach remotely as far as the legal greedy "bets" Wall Street made on the housing markets along with big banks lending money to people who were not qualified for the loans to begin with.
Venting? Yes I am. Frustrated? Yes I am. Has individual greed been rewarded while public greed has been forgiven? Yes it has. Will it continue? ABSOLUTELY. (UNFORTUNATELY)
I write today regarding the current insider trading scandals rampaging through the Streets of Wall. Legal greed was the demise of the economy, and now illegal greed is being proven to have not done much to the economy at all.
I'm not condoning dishonest actions on any level, I value integrity above all other things, however, it needs to be noted that while illegal activity potentially hurts people the consequences do not reach remotely as far as the legal greedy "bets" Wall Street made on the housing markets along with big banks lending money to people who were not qualified for the loans to begin with.
Venting? Yes I am. Frustrated? Yes I am. Has individual greed been rewarded while public greed has been forgiven? Yes it has. Will it continue? ABSOLUTELY. (UNFORTUNATELY)
Subscribe to:
Posts (Atom)