If people wanted to buy a house, they had to assume great debt as the housing bubble created upward moves in the pricing of houses! Loans that used to require at least 10% down we replaced by zero down loans, which made it easier to achieve the American Dream. But let us not blame it all on the dreamers who bought the houses! Every one of them believed their own wages would increase, while the cost of goods and services rose in price faster than the incomes, due to new technologies that corporations use to establish the highest possible price for things they sell, while our wages stagnated, and only our workloads doubled! Blame Reaganomics! It is the mantra of the Republican Party, who still, to this day, believe that more money in the hands of the greedy sociopaths will somehow result in them flowering the rest of us with Middle Class high paying jobs! Except it was a lie and remains a lie, and the only winner was a Republican Party, whose fealty to the campaign finances of the corporations, as lapdogs, has provided them with unlimited amounts of funds, while American workers take it in the shorts. Republicans want us to blame Obama, who has no power to pass the bills, like the Republicans who run the House of the worst Representatives this nation has ever known!
Intelligent Americans blame the Republicans. The rest are so ill-informed by the billions of dollars spent on misleading news and information that it is hard to garner the real truth, while so many sources of news are only in it for the money! One look at Fox News, or one listen to Rush Limbaugh or Glenn Beck is enough to make a sane person vomit, but the folksy way they present the news, adding fear and sexual innuendo, is enough to turn the ear of those who probably need that good-paying job the most!
[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 shed less than a point, ending the week higher by 1.3%, while the Dow Jones Industrial Average (+0.1%) cemented a 1.7% advance for the week. High-beta names underperformed, which weighed on the Nasdaq Composite (-0.3%) and the Russell 2000 (-1.3%).
Equity indices displayed strength in the early going with the S&P 500 tagging the 2,019 level during the opening 30 minutes of the action. However, ... More
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As geopolitical tensions threaten to spin out of control, investors are wondering how best to position their portfolios for the global turmoil.
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