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View Diary: Private enterprise shackled by Obamunism, aka Dow hits 15,000 for first time (153 comments)

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  •  Shrug. It's at least an indicator, and for (4+ / 0-)

    those of us with 401ks, or pensions, it's good news.  Not exactly one percenters.

    And while the Dow is a secondary market and doesn't create wealth itself, we may see a number of IPOs or the ability to raise capital for new businesses or expansions.

    "We're now in one of those periods when the reality of intense pressure on the middle class diverges from long-held assumptions of how the American bargain should work" --James Fallows

    by Inland on Fri May 03, 2013 at 08:34:30 AM PDT

    [ Parent ]

    •  Isn't there liquidity in financials already (0+ / 0-)

      How much cash does it take before it gets put to use?

      •  Yes, and I don't know: (1+ / 0-)
        Recommended by:
        Deep Texan

        In a better world, the answer would be "right now, in order to take advantage of all the government stimulus spending on infrastructure and research and such, the revival of the housing market, and all the pent up consumer demand".

        Clearly someone thinks that the future holds increased chance of profits from business, so maybe soon?  I don't know.

        "We're now in one of those periods when the reality of intense pressure on the middle class diverges from long-held assumptions of how the American bargain should work" --James Fallows

        by Inland on Fri May 03, 2013 at 08:42:26 AM PDT

        [ Parent ]

        •  the market is not chasing "increased profits", (1+ / 0-)
          Recommended by:
          a2nite

          it is simply gorging itself on "free money" from the Treasure (via the Fed).  The increased (and completely fraudulent) "value" of the stock market does not reflect new factories or increased production . . . there is nothing physical or real to show for it.

          A sane and decent (Democratic) government would have injected that money at the bottom, producing jobs (public works) and income for the people who a: need it and B: would spend it . . . thus increasing demand and "pumping" the economy.  Instead it was (and is) given to the rich to gamble in the DOW Casino.

          And then, because our system doesn't distinguish between this monopoly money and the real thing we allow it to "trickle down" in the form of ownership (by the rich) of . . . everything.

          Fake Left, Drive Right . . . not my idea of a Democrat . . .

          by Deward Hastings on Fri May 03, 2013 at 09:01:29 AM PDT

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      •  Apple is taking on debt to save on taxes (2+ / 0-)
        Recommended by:
        a2nite, FiredUpInCA

        when they have billions of cash lying around and poor Chinese workers killing themselves....but I still have a house full of Apple products...what to do....

    •  Exactly (1+ / 0-)
      Recommended by:
      Deep Texan

      Watch what happens when government pensions start reporting their results from last year.  Watch how much the much touted (by R's) liability gap closes.  

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