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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: zman69 who wrote (9927)	1/16/2013 8:51:45 PM
From: llap	Read Replies (1) \| Respond to of 41091

Yeah and why do so many low and middle class Americans become tools for the ultra-rich by joining the Tea Party or becoming deficit hawks when they only lose out on it? Is like: "I will suffer but you will hopefully suffer more?" That's the attitude in failed states and civil war areas across the globe. I thought we were better than this. Again, when will we ever learn from history?!? BTW in the long run a country functions best when there is a fair share of wealth and income, because the rich (=supply) cannot sell anything if the middle and lower class (=demand) do not have the necessary purchasing power. And compensating falling incomes by debt only works so long and then the music stops as per the famous quote by Marriner Eccles from the early 1930s (thus even before Keynes' General Theory). It really is not that complicated unless you are blindsighted by ideology: "As mass production has to be accompanied by mass consumption, mass consumption, in turn, implies a distribution of wealth ... to provide men with buying power. ... Instead of achieving that kind of distribution, a giant suction pump had by 1929-30 drawn into a few hands an increasing portion of currently produced wealth. ... The other fellows could stay in the game only by borrowing. When their credit ran out, the game stopped."