Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 43.80

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Dec 2 4:00 PM EST

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To: Kirk © who wrote (125286)	3/13/2019 2:48:46 PM
From: robert b furman	7 Recommendations Recommended By 3bar FullVelocity Kirk © seminole the longhorn and 2 more members Read Replies (1) of 207127

Hi Kirk, It is extremely disturbing to me how long and just dirty the Dems have preached divisiveness and class envy. It has become more than class envy now, it he become class hatred. America's exceptionalism is not something to look down on - it is something to strive for. How much capital could have been raised if everyone has "an equal amount of wealth"? Our energy independence and export business would never have been possible, were it not for wealthy savers who applied their wealth to the fracing investments. How many times have you worked for someone that had less money than you. Wealthy people with in a country, are collectively a national treasure. I think part of J. Powell's desire to raise the fed funds rate was to help state and corporate pension funding shortfalls. There is a balance to be maintained. As we've discussed many times, the zero interest rate policy is a penalty against the savers of the world. It was done "To help those with too much debt". Many of them were upside down in the home equity. The 2008 real estate crash has happened over 10 years ago. If a person refinanced and had a 15 year mortgage - they're sitting on a big chunk of equity now. I now believe the nefarious objective of the debt crisis, has extended the politicians ability to over spend. Our current national debt almost precludes the return of market based rates - even if it would help savers. Those who make evil of the stock market, throw down on the too often forgotten savings of the 401K's. Perhaps the only savings account many working class people have. The divisiveness of class envy and the persistent desire for further wealth redistribution needs to be properly discouraged as an aberrant and unacceptable behavioral attribute. When someone says all of the tax breaks went to those who were invested in the stock market. Instead of a derogatory tone in that comment - the smart politicians should be saying - That's where the middle class needs to aim towards being!. Go to school, maximize your potential, be a saver and investor, or you will be destined to poverty and the true crumbs of life. Have the integrity to say it like it is - if not just in the USA, but in fact all over the world ! Bob

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