The Rooster
"Okeydoke"
11/30/2013
"Corporate Profits Are At All-Time Record Peak at 70% of GDP" (click here)
Over 83 percent of the current market trading self identify as Bullish. That is also an all-time high. That means there are more bulls trading today then before the dot.com bubble and before the the credit bubble of 2007.
The distribution of the wealth is skewed and dangerous.
By Lauren Coleman-Lochner, Lindsey Rupp & Leslie Patton
Dec 1, 2013 12:00 AM ET
U.S. retailers eked out a 2.3 percent sales gain (click here) on Thanksgiving and Black Friday, in line with a prediction for the weakest holiday results since 2009.
Sales at brick-and-mortar stores on Thanksgiving and Black Friday rose to $12.3 billion, according to a report yesterday from ShopperTrak. The Chicago-based researcher reiterated its prediction that sales for the entire holiday season will gain 2.4 percent, the smallest increase since the last recession....
There was marginally more money spent by less people. If people are subsistence earners, there is less and less money circulating in the economy. This is a sign of the greed that currently exists within Wall Street and reflected by Republicans unwillingness to pass an increase in the Minimum Wage. The bears are worried about a recession. It may have already begun and the American economy can thank the Republicans for it. Austerity doesn't work and lack of support of the Middle Class is tragedy waiting to happen.
I cannot understand how legislators punish their own citizens. That is more then immoral. When such dynamics exist, it disregards the economic well being of the country and the condition of the people. I don't understand how any citizen can vote against their own best interests.
I cannot understand how legislators punish their own citizens. That is more then immoral. When such dynamics exist, it disregards the economic well being of the country and the condition of the people. I don't understand how any citizen can vote against their own best interests.
