US Markets Soar While Europe Depresses

Discussion in 'Economy' started by Annie, Nov 24, 2010.

  1. Annie
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    Annie Diamond Member

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    Are both acting the way they should? Are there no connections?

    The info on US can be found at Yahoo! front page or by googling DOW close.

    Now on Europe:

    Gloom, anger spreads as European economies teeter - Yahoo! Finance

     
  2. uscitizen
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    uscitizen Senior Member

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    Ahh the old if it is good for Wall Street it is good for America mentality that was a major contributor to our downfall.
     
  3. Annie
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    Annie Diamond Member

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    Yeah. Kind of reminds me of when US ended Dawes Act payments after 1929.
     
  4. Samson
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    Samson Póg Mo Thóin Supporting Member

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    The Government invented the 401(k) as a differed tax shelter.
     
  5. uscitizen
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    uscitizen Senior Member

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    At the behest of Wall St. Lobbyists.

    And with taxes going to go up how is that deferred tax thing going to work out?
     
  6. Samson
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    Samson Póg Mo Thóin Supporting Member

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    Damn, you mean, there's no free lunch?:evil::evil::evil:

    It just doesn't seem fair that Italians won't be able to go to school until they're 30, graduate and get to vacation the entire month of August for each of 28 years until they retire at age 58, and enjoy socialized medical care.
     
  7. Samson
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    Samson Póg Mo Thóin Supporting Member

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    :eusa_hand:

    Well, taxes are only going up for "the rich."

    Happily, I'm planning a retirement of destitute poverty,:cool:
     
  8. william the wie
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    william the wie Gold Member

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    Well there are two conflicting forces:

    The welfare state model with its implicit assumptions about life expectancy and health that is driving automation and undermining the industrial employment base.

    The progress model with the US being the symbol of that driving the product life cycle of medical progress that is undermining the finances of the welfare state.
     
  9. asterism
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    asterism Congress != Progress

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    "The Market" as espoused by Adam Smith isn't the DOW, NYSE, S&P, CBOT, or the NASDAQ.
     
  10. asterism
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    asterism Congress != Progress

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    Make sure you can eat and make sure they can't take your house. The rest is gravy.
     

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