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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Mongo2116 who wrote (939366)	6/11/2016 8:04:00 PM
From: Crony	Read Replies (3) \| Respond to of 1574679

Are you really this ignorant about economics? Take away the $10 trillion Obama printed - we would've been in recession all this time. Have you ever heard of the wealth effect? This $10 trillion went into the stock market and propped it up. Just paper gains that spilled over to the housing and boosted consumer confidence. This all will evaporate the moment these extra trillions will stop flowing into the economy. But democrats are smart: they would print trillions and economy goes better short time and ignoramuses are fed talking points about low unemployment and high stock market. And they know perfectly well this is unsustainable. And when the bubble bursts they would always find a way to blame it on republicans. Are you saying we can print extra trillion dollars a year forever? Is this a sound fiscal policy to have a budged deficit of a trillion dollars? Or you are just a clueless parrot who memorized progressive talking points? Or is it just being a union guy who likes getting paid more than you are worth?

To: Mongo2116 who wrote (939366)	6/12/2016 9:46:19 PM
From: RetiredNow	1 Recommendation Recommended By Bonefish Read Replies (4) \| Respond to of 1574679

You have no idea what you are talking about. When the monetarists at the Fed flood the markets with zero interest loans and print money, that puts massive upward pressure on all asset prices including real estate and the stock market. That is what you are seeing. However, asset price inflation is not the same thing as a healthy economy. Asset price inflation is GREAT for the asset holders like me, the 1% and richer. However, it is TERRIBLE for the 99%, who get priced out of homes, have to pay higher rent when they can't afford to buy, and find out all manner of goods cost more, even as their wages stagnate.