7 big worries about the economy
As stocks move higher, Wall Street's enthusiasm can be infectious. But average Americans still face a host of very real economic dangers.
VIDEO ON MSN MONEY
In short -
Affordable Care Act
Security for business
Housing market (that cannot be sustained under above conditions)
Liberal social agenda
Feds reckless policies
Fudged numbers in unemployment and jobs created (good paying secure jobs)
Continuing rise of Americans seeking aid
Ever increasing Foreign Aid
Ever increasing world tensions
Enough said (Good first four years Mr. President, we cannot sustain four more)
Anthony, any educated person knows all what you wrote is true, however, no one does anything about it.
The "Rich" are smart, they are saving their cash for the next time the country is jacked up. I can't blame them for not spending.
Oh well, 51% of the country wants this apparently.
Interesting how Anthony makes all of his comparative analyis based on the "pre-recession high". But unfortunately, as we now know, the pre-recession high was a mirage. The housing market was a farce, bank financing was a con game, and (as Anthony noted) household debt was 130% of disposable income. The pre-recession high was obviously artificial and entirely unsustainable. To compare today's rather tepid economy seems a little ridiculous to me. I don't want to go back to the pre-recession high, and I don't think comparisons between the two have much merit.
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[BRIEFING.COM] The stock market capped the trading week with losses across the major averages. The S&P 500 fell 0.5% to surrender its weekly gain, while the Dow Jones Industrial Average (-0.7%) and Russell 2000 (-0.9%) underperformed. The two indices posted respective losses of 0.8% and 0.6% for the week.
Equity indices were pressured from the get-go after several heavyweights disappointed the market with their earnings and/or guidance, which led to some broader profit-taking. After ... More
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