latest from the Fed

[Danzig]

Originally Posted by jms62

Based on earnings , companies are as profitable as ever since they are sending jobs overseas. However they are also sending their Customers Revenue overseas because one companies wages are another companies revenue. Big guys at the top don't care as they will take care of themselves and their family for generations on what they are raking in Now. Kind of like clear cutting a forest. It is the Get Mine now and **** the country and the future generations.

lori,what he said.

the market isn't a good indicator of the overall economy. actually, i think people should be worried if the market makes a huge move in either direction.
my husband works at a company which was public, until purchased a few years ago and taken private. i think it's been to our benefit that it went private. no more earnings to report, no market share news, no ups and downs with stock, no keeping investors happy, paying of dividends and so on.
altho it may be good news insofar as the govt still trying to do all it can to help weather the storm, i am very concerned at the continued 0% interest. one of the things killing so many right now is loss of pension money. it's not just affecting retirees, but cities and other employers with 'guaranteed' pensions. they can't grow if there is no interest to be paid.
who knows of a cd out there that earns above 2% right now?? at that rate, it will take 36 years for the money invested to double. that's awful! just one example of course.