GDP is up 2.5% for the 3rd quarter. Nine straight quarters of positive GDP. DOW jones is up 14% in October . . . best month since 1974. Business investment expanded at 16.3% in the third quarter. Consumer spending is up. Inflation is flat.
Inflation flat my ass. And yes people are saving. As they should be. This economy is nothing more than a propped bubble still. Get ready for the pop again.
The economy will continue to steadily improve yet unemployment will continue to rise due to the impact of technological advances rendering many jobs obsolete. This trend is only at the beginning of its eventual evolution.
Just don't 'save' in a bank. Don't believe in the 'security' if FDIC 'insurance' it isn't what it's advertised to be. Invest in some mason jars and a shovel ;p~ Sent from my iPhone using Tapatalk
It's always funny to see how liberals react to the stock market. Example: *When the DOW hit an all-time high...liberals claimed it had nothing to do with Bush. *When the DOW fell sharply...liberals claimed it was due to Bush. *When the DOW slightly rebounds...liberals claim it's due to Obama. :hihi::hihi::hihi::hihi: Like Obama has a freaking clue about the stock market, jobs, or the economy. :hihi::hihi::hihi::hihi: I've got some swamp land to sell to anybody buying that crap. I hate Wall Street...yet I took money from them for my campaign...yet I hate the evil rich 1% wall street crowd...yet I like their financial support...I'm going to redistribute their money...yet I'm solely responsible for their success...yet they make too much money...etc. Make up your freaking mind. Are they evil or do you want their support? What's your stance? Which way is the wind blowing today? This guy is a clown. Any success he has with the economy will be pure luck. He's completely clueless much like many of his supporters.
...and will continue to until we have a competent president. Who would invest in this clueless administration? You'd have better odds taking all your money to Vegas and betting it all on one roll of the dice. This also begs the question...Is all the "big business" money controlled by Republicans? Why aren't the "big business" Democrats investing in this market? If Obama has all the answers, shouldn't they be ALL IN? If "green" jobs are the way to go, why aren't the liberals ALL IN with their investments?
