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You would think that this President "for the people" would be trying to bring manufacturing back to the USA. He talks about it a lot, but there isn't any action. All hot air... And no, it's not a Republican thing, Obama's the President, and after five years of whining, he needs to get off butt and do something...ANYTHING!
Is it even fair to even call these companies American as more times than not it seems, Companies are showing more income from overseas than here. We are dealing with Global Companies and in effect at times, Global monopolies. At the very least, massive collusion by the biggest players.
In 2013, 6 out of the top 7 Global Companies in Revenue are Energy Related.
Back in 2002, the Market for derivatives, contracts loosely based on underlying assets, was 5 times that of the Entire Global GDP. That market has grown unchecked and unregulated since.
So as folks rant and rave about the National Debt, folks might consider revisiting the ongoing real reason why the Global FEDS are printing to infinity, the Global Ponzi Scheme which are Derivatives. This is a far bigger issue than the National Debt. This is what will bring down the Global Economies, not the National Debt. China is only getting worse. Japan is only getting worse. I can't believe the Euro-zone is getting better if their unemployment numbers aren't.
Yet in the FACE of all this, the Stock Market sits at Record Highs. Funny what funny money can do, for now.
The fact that two American Companies got bailouts and Ford did not put the more efficient company (FORD) at a disadvantage as it had to compete against less efficient companies that were bailed out. This is NOT how the free market system is supposed to work and ultimately causes "too big to fail" companies to take risks they should not knowing they will not pay consequences. Well, I guess getting bailouts is only true if you have huge, powerful unions or banks that influence political leadership. My little effort will not make a difference, but I resolve to NEVER buy from a GM or Chrystler. My next vehicle will be a Ford. Stick in there Ford!!
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[BRIEFING.COM] The IMF expressed its concerns before the start of today's trading that "excessive risk taking may be building up" with valuations for just about every major asset class looking stretched.
As one can see from the standing of the major indices, that warning went in one of the market's ears and out the other. Actually, we're not even sure it went in one ear. The market started with a bullish bias and has maintained that bias throughout today's session.
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