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edward long

Association of Old Crows


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The Dow is steadily improving while the national quality of life is consistently worsening.

Barack Hussein Obama's first term is over. The numbers are: 1) National Debt up 54.7%. 2) Unemployment up 0.7%. 3) Poverty up 6%. 4) Approval rating down 18%. 5) Dow Jones Industrial Average up 72%!! Explain this disconnect between America's vital signs.


Closing Statement from edward long

25 contributors offered these points to ponder
~ we need new goals
~distribution of wealth is broken
~it's a bubble and it's going to burst soon
~statistics are inherently deceptive
~we are printing too much unbacked money
~the government is spending too much
~It's Barack Hussein Obama's fault
~5 folks said there is no more connection between Wall Street and Main Street
~we are loading debt onto future generations
~small investor confidence is at all time low
~younger folks American dream includes tech toys but no home ownership
~money can't but happiness
~the top secret TPP is to blame
~Big Pharma is parasitic
~the Military is a budget buster
~ It's NAFTA's fault
~we are living in the New World Order
~Deflation Depression
~Exessive China trade for shoddy merchandise
~Free Trade is good
~US corporate tax is world's highest
~the Landlord Bubble
~youth becoming deluded narcissists
~middle class being strangled by inflation
~the Media is way off target
~poor getting poorer is new phenomenon
~US is too big to fail
~need term limits for Representatives
~need to repeal the 17th Amendment
~need to revise the 16th Amendment
~need to reduce Cabinet positions to seven
~need to go Isolationist
~stop paying Dictators for permission to feed their starving masses
~we have a Placebo Democracy
~all profit comes from someone's pocket
~leaders are corrupt
~Government creates no wealth
~copyright laws benefit the elite only
~people are the whole problem
~Quantitave Easing
~all should read "The Creature From Jeckyl Island"
~only Economists can understand
~we elect politicians rather than people
~Debt and the Dow are proportional
~debt can be invested
~unemployment and wages are inversely proportional
~poverty causes wage reduction
~low wages stimulate profit and productivity
What was not mentioned, surprisingly to me, was if the DJIA got Barack Hussein Obama re-elected
Have a look at the 9 links in the post
Conclusion?. . . Wall Street and Main Street are independent!!

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    Jan 22 2013: There is no correlation between main street and wall street.

    In either case the touchstone is confidence.

    Much money has come to the U.S. because it is a safer investment than Europe and is still the de facto world currency.

    The absurd amount of money that Bernanke has printed has created the apparency of prosperity. I'm sure in his mind he is just doing what his boss BHO has forced him to do.

    The two bubbles that I have seen the Austrians talk about are the bond rates which is definitely going to bust and the other one is health care which also will bust.

    My congressman sent out his weekly newsletter in which he points out that he has paid in 1/3 of the benefits that he will likely receive from medicare and social security. The only way to pay for this is to borrow money which mean the next generation will have to pay for this.

    Another factor is that the confidence level for investors is ostensibly at an all time low. This is the real benchmark for the real economy. This is not the stock market as this is companies who are below the level of an IPO, this is a guy who has an idea and needs money from small banks with a line of credit, a second on his house, borrowed money from his friends and family. Just think about the shark like unpredictable impetuous, impulsive, cavalier, conduct of the current POTUS does he give you confidence about the future?

    It is witnessed by the last election. The younger folks do not have hope of owning a house. Technology has distracted them from what is important in life, ie their attention span is short, their ability to confront what is real has atrophied.

    The culture of the country has changed from one of exchange to one of entitlement, this is HUGE.
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      Jan 22 2013: Interesting Pat. Your idea is that there is no disconnect between the Dow and the work-a-day world performance stats because they share no correlation. Hmmm. It is looking pretty grim for the land of the free and the home of the brave. I plan to steal your phrase "No intersection between Wall Street and Main Street". I think it may summarize my post rather well.
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      Jan 23 2013: From what I've heard of BHO's inauguration speech is "Climate change" "Gay rights" but when it comes down to it I think the average person would rather hear "Job creation" "Controlling debt" "Reflourishing America" Then all the rest.
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        Jan 23 2013: I know it is simplistic of me, but I sure have a strong urge to blame American citizens who are uninformed (ignorant) and apathetic (uninvolved) for this gigantic disconnect you describe between the ruling elite (Wall Street) and We the People (Main Street). "The times they are a changin'".--Bob Dylan

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