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Tuesday, February 19, 2013

DISCONNECTION: the Stock Market and the reality of day to day American Life


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WHY?
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2 comments:

  1. 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.

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  2. They aren't American businesses. They are Businesses of the World. The United States of America is just a Demographic.

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