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The Rich Are Losing Faith In The Stock Market
Inconceivable? Consumer Comfort among the highest income earners in America has totally and utterly collapsed. Despite record-er highs in the US equity market and promises from every talking head that Q1 was a blip, those earning $100k or over have seen their 'comfort' crash to the lowest since September...
Summing up the next FOMC meeting...
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What does a central bank software program need investors for? Nothing.
yes but once it has killed its host the parasites begin the process of canabalism. We are in the canabalism phase now
It'll be fun to watch the 1% start mugging each other.
NYC will install rubber padding on all guard rails soon so it doesn't get too messy with 1% types leaping from their windows
hardly wait for the tunnels to be clogged with heads
https://www.youtube.com/watch?v=OHVjs4aobqs
"those earning $100k or over..."
Are very much middle class to lower middle class in wealthy areas of the country - the areas like D.C. where there are a lot of big money government jobs. Around D.C. one can barely afford to buy a two bedroom condominium on $100K per year.
100K or over with kids and a mortgage is not rich. This is the new way people define rich these days so that the ultra stinking rich can get away with murder.
Indeed.
Hell, even single welfare mothers earn $69,000 a year:
http://i2.wp.com/www.powerlineblog.com/admin/ed-assets/2012/11/welfare-cliff0446.jpg
100k in central new jersey / Philly area for a family of 4, is very much the low end of middle class.
The sheep are getting restless.....
Yes, A parallel movement but not with the same intensity yet. Obviously you have to widen the divide. These are the wanabees, delusional, etc. They are the foot soldiers in the kill machine.
Maybe they are afraid of it because you keep using the word market when referring to stocks. Nobody wants to know the real value of the shit they "own".
What? They remember 2008, and 2001?
But that was so long ago.
I'm gellin' like Janet Yellen. Got a new fake-leather office chair last week. Mmmmmm..... comfy.
Does it reverberate when you fart in it? Real leather doesn't.
"Market"... ...LMFAO!!!!
This is a very educated forum but I have to state the obvious, even if there is just one reader out there who is not aware of this:
It's not a stock market. It's a whole universe of individual equities with options, warrants and many many more financial instruments attached.......
The "market" is manipulated by Wall Street and others. That's how they build all those pretty buildings in Manhattan. Deception. Goldman Sachs, Morgan Stanley and the rest---- liars, cheaters.
Watch how Goldman Sachs works. Bet against their guidance and you will make money (see for example MNKD).
I am also in US solar companies.
These fuckers saw their "wealth" grow by several orders of magnitude thanks to the "let the majority eat cake" monetary experiment!!!
They are quite comfortable you stupid fuck.
They are the only people who can afford to spend. They better pick it the fuck up ASAP.
I wonder how "comfortable" they will be when they start losing their fucking heads?
What happened to your clock?
Tick tock motherfuckers... same as it ever was
one of those should stick if it's repeated over enough. Or what's the new guys slogan? Tyranny is submission or something? I kind of like "Regards, Cooter". The rest notsomuch.
Did the pied piper join the rats he led?
Faith in the stock market....how about Faith in the Crony Government?
Dow just erased almost 114 pts.......
That's so sad!
Gosh - pretty soon nobody is going to be happy.
:(
It's TomorrowWorld. Someone please shut down the transmitter!
LOL. 100K is rich? Propaganda much?
No shit!
Everyone is a middle class struggler, except for the free shit army, and the 0.000001%.
Things are looking up!!!
Taco Bell to start serving Liquor.
Bullish fer sure!
https://www.youtube.com/watch?v=xFiDoOgRTpk
Movies are true!
Maybe the more well to do middle class; those earning between $100k and $500k are realizing that they too are just slaves to the money-whip and vulnerable to those who create money and decide its value (to suit themselves) and from the government that keeps coming after them with bigger tax bills and bigger guns.
Sloppy headline and analysis ZH, How is earning over $100K "the rich"? A household earning $100K qualifies as struggling middle class in most cities across America.
I would say the cut off should be at least $300K if you are going to use the word "rich"...and even then depending on how many kids you have that isn't exactly living the big life.
Why not 400k, or 500k? Why arbitrarily pick 300k, and why is it you get to define who is rich and who isn't?
I think you missed my point "Dr.".
My point is in most cities across the US it isn't anywhere near 100K even using the most basic math.
I chose 300k because you could live somewhat comfortably in most cities excluding SF and NYC. If you include SF and NYC, then that would be over 500K.
If you have some better way to think about this, please show us...but no one needed to whip out a calculator to figure out that 100k is a joke of a starting point.
No. I didn't miss the point, it is you who missed the point. There will always be rich and there will always be poor. That's not the problem. The problem is the barriers put up that makes it harder to go from living poor to living comfortably or even being rich.
Oh lord, blah, blah, blah...the simpleton parade has arrived.
That has nothing to do with this article, my comment about the silly headling ZH attached to it and the fallacy I am pointing out. That is a larger, albeit incredibly vague propostion you are making.
While I'm not disagreeing with your point overall it isn't actually say much of anything at all.
If you are saying that it doesn't matter where the lines are drawn, and make no mistake lines are drawn very specifically in this country, especially by our lovely IRS...that there are always poor and rich, then you are exactly the kind of simpleton who politicans rely on to pass bad policy.
Simpleton parade? Who is the one who wants to put an arbitrary number to define who is rich? You can't get much simpler than that. How about this? We make tax policy equal for all and we remove all barriers to entry for those who want to better their lives? How about if we destroy the regulatory capture regime and the revolving door between private and public sector that comes along with it. Maybe I should just strive to be poor, because somebody will pick an arbitrary number to define me as rich and steal all that I have worked for.
BTW, I find it interesting that you say I fall into a politician's trap when it is you who are using the same number they are to define who is rich.
STFU already
Ounces will define rich when this fake paper bullshit finally succumbs to what it really is.
My sentiments exactly. Immediate family both are at that level and completely middle class. Or did I just discover the fam is 1%ers? Off with their heads!
In the year 2015 there is a new definition of rich: A person who does not reside in the cardboard box that contained their last bigscreen TV.
What he said!
Where's Andre the Giant when you need him...
The Feds trading desk is shorting gold and silver on purpose so the oligarchs like Jamie Dimon can by in cheap.
The Fed seriously needs to be audited !!
It is a given that the Creature from Jekyll Island will eventually be discredited and dismantled...
http://www.globaldeflationnews.com/the-creature-from-jekyll-island-the-e...
The poor and middle class are losing faith in bloody well everything.
"The Rich Are Losing Faith In The Stock Market".
More likely they're running out of things to steal.
Funny, but "you wish". They still have to steal all bank accounts, all pension funds, all retirement accounts, and boost the royal crap out of property taxes (so that anyone who owns anything is absolutely bled dry over time).
The next to last thing they'll steal is, the lives of 6 to 7 billion humans.