Stocks notch a fifth straight week of gains; will you thank Obama?

Legion Troll said:
How can that be, when Obama's supposedly anti-business policies have crippled the economy and bankrupted America?
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Well, I would say that "the economy" is not the stock market and 99% of the benefits of ZIRP and QE went to the 1%.

Those policies have crippled the real economy by perverting true financial operations and have certainly bankrupted [main street / Mom & Pop] America for decades if not generations to come.

Those policies made the 1% stupidly richer while leaving behind (or burying) everyone else.
 
Abatis said:
Well, I would say that "the economy" is not the stock market and 99% of the benefits of ZIRP and QE went to the 1%.
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Only the "1%" benefit from equities? Oh, well, aren't they the job creators who will trickle the prosperity down to the 99% - as soon as they get more tax cuts?
 
Legion Troll said:
Only the "1%" benefit from equities?
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Not what I said; I said the 1% benefited from ZIRP and QE.

Those policies have and will soon really hurt regular people because ZIRP and QE gutted the return on traditional safe investments (savings accounts, US Treasuries, CD's, Muni's) that many relied upon, forcing them and their nest-eggs into the stock market . . . a place they really shouldn't be. When the next crash comes it will wipe them out and crush institutional's like pension funds (if it can be contained).

ZIRP fueled leveraged buy-backs surpassed a Trillion dollars in 2015 and was the primary mover of the S&P; this is not an indicator of economic strength but has actually undermined the US economy [note, not Zerohedge]. The real disgusting thing is, with those disconnected from fundamentals share valuations, company officers (who ordered the buybacks) secured lucrative bonuses and stock incentives for themselves. Again a benefit to the 1%.

Legion Troll said:
Oh, well, aren't they the job creators who will trickle the prosperity down to the 99% - as soon as they get more tax cuts?
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Not a rebuttal to anything I wrote. I see no reason to widen the discussion.
 
Abatis said:
I see no reason to widen the discussion.
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Of course you don't.

Because the 1% supposedly are job creators who allow their prosperity to trickle down...therefore, ZIRP & QE constituted a rising tide that lifted all boats....according to conservative thinking.

Or do you concede that trickle down is voodoo economics?
 
Legion Troll said:
Abatis said:
I see no reason to widen the discussion.
Click to expand...

Of course you don't.

Because the 1% supposedly are job creators who allow their prosperity to trickle down...therefore, ZIRP & QE constituted a rising tide that lifted all boats....according to conservative thinking.

Or do you concede that trickle down is voodoo economics?
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Global stocks post longest streak of gains in two years; dollar firms.


http://www.reuters.com/article/us-global-markets-idUSKCN0WK03J


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