DISCONNECTION: the Stock Market and the reality of day to day American Life
WHY?
Pink slips being printed as Congress vacations, defense industry likely to cut thousands of jobs
Security group suspects Chinese military is behind hacking attacks
Another Business Visited by Obama Closes
Changes In Tax Structure Creating Angst Among Low, Middle Class
Why More Than 8% Unemployment Could Lie Ahead
Fears at Fed of rate payouts to banks
2 comments:
Have you ever wondered why:
Your credit card interest is 24%
Your mortgage is 5%
Your consumer loan is 6-9%
and
your savings account pays you 1/2%
It keeps the banks happy and willing to buy all the low-yield government bonds the government wants to sell.
That is also the reason the stock market is where it is. It keeps business happy. Who on earth would invest a penny in a dubious company that might pay four or five percent dividends if you can get the same from your bank - guaranteed - as you could do 20 or 30 years ago.
They aren't American businesses. They are Businesses of the World. The United States of America is just a Demographic.
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