The Dow hits a record high. Corporate America is raking in the dough?

Question

The value of the average home has dropped 16% over last year. Consumer spending in June dropped a record amount. The cost of fuel is eating away at middle-class disposable income. A record number of people are losing their homes to foreclosures. Late payments on loans are increasing.
While the wealth of the middle-class is eroding, corporate America is booming.
What is wrong with this picture America?

I am heavily invested in the stock market. That is not the point of this question.
This "booming" economy is a bit lopsided. The evidence is clear that it is not a top to bottom economy.
If you can't see the danger in this type of economy, you are being short sighted.

Answer 1

The Dow has grown at the slowest rate in history over the last 7 years .
The only reason for the growth is a growing Military industrial complex that is mislabeled as private industry funded to the tune of 6 trillion dollars which we now owe in taxes at some point .

Its a fallacy to think when you have a credit card with no spending limit and you pay yourself from it you are profiting .

The world knows what we are doing and our dollar is worth squat .

Answer 2

A record number of people are losing their homes to foreclosures...

-Not really, Only those who didn't know what they were getting into with those special advertised loan programs on TV. Rip off. Happens all the time.

Consumer spending in June dropped a record amount...

-Happens all the time this time of year. Its summer people have things to do.

The value of the average home has dropped 16% over last year...

-Not here ??

While the wealth of the middle-class is eroding...

-Im middle class. Doing better than ever.

corporate America is booming...

-To include many many rich liberal elite.

What is wrong with this picture America?

-This picture was created by a liberal media, tetermined to get a democrat candidate into office in the next election... Period.
A problem must be created that they can solve and rescue us all from.

Answer 3

Get a No Cost Background Check Scan at https://bitly.im/aNRqq

Its a sensible way to start. The site allows you to do a no cost scan simply to find out if any sort of data is in existence. A smaller analysis is done without cost. To get a detailed report its a modest payment.

You may not realize how many good reasons there are to try and find out more about the people around you. After all, whether you're talking about new friends, employees, doctors, caretakers for elderly family members, or even significant others, you, as a citizen, have a right to know whether the people you surround yourself with are who they say they are. This goes double in any situation that involves your children, which not only includes teachers and babysitters, but also scout masters, little league coaches and others. Bottom line, if you want to find out more about someone, you should perform a background check.

Answer 4

Hell, I'm loving it. My IRA is up about 20% this year already, since I'm 100% in stocks.

It's good news that the value of the average home has dropped 16%, because way too many homes are way overvalued. This is a result of too many people who really weren't qualified to buy houses getting suckered in, and they are now paying the price for it. The real estate market is getting a way overdue well-needed correction. Most of the foreclosures are in the subprime market, which are usually people with poor credit (which is usually the lower class, not the middle class) who shouldn't have bought homes in the first place, or shouldn't have bought as much home as they did. It's only going to get worse in this area in the next couple of years as a lot of people will be facing balloon payments and will be forced to refinance at much higher interest rates.

Overall, there's nothing wrong with this picture, except for people too stupid to realize what they are getting themselves into when buying a house.

Answer 5

Too bad you don't have a 401K. These are the times that help the little guy as well. Stock and the wealth of America does not go hand in hand. The stock market is about investment in international companies and not just American. Have you seen the profits of Honda and Toyota ? Not American. You should probably look into what companies are in the stock market. GM, Ford, have lost money and their stock value is less no than it was a year ago.

Answer 6

The Dow has been moving in tandem with the value of U.S. dollars. As the dollars go down, the Dow goes up. There's actually no real gain in value, but it looks nice.

The wonderful thing is, it only takes a $7 transaction fee to invest in stocks. If you think they're so great, get some! If you really want to make money, you'll invest in evil European corporations and use the value of the Euro to really boost your profit margins. Unfortunately, that's what most of the foreign investors are doing - investing in other country's businesses, which hurts the value of our wealth.

Answer 7

it reached a record extreme interior the Nineteen Nineteen Twenties then it crashed, it reached a record extreme interior the 2000s then it crashed it reached its extreme as quickly as lower back and could crash. it is not genuine prosperity, there is not extra manufacturing or mark downs and investment, that's genuine growth, so what's inflicting this 'extreme'....get waiting for yet another crash. besides final time interior the 2000s gold became at around $500 now its $1500 so in terms of genuine fee the inventory industry isn't as extreme

Answer 8

My 401K is raking in the dough, big time.

Thanks to this President's policies, I will have a comfortable retirement.


I am middle class, and FAR from my wealth eroding, it is growing, along with just about everyone else's.

Just grow up and admit it: This economy is booming for all classes and everyone is doing better financially. I know economic prosperity is a bitter pill for the gloom and doom party to swallow, but give it a try. You'll feel better.

Answer 9

Home values dropped because they were way over priced. Too many people were taking loans out that were not 30 year fixed (adjustable rate and interest only). The prices went up artificially. It was inevitable to crash.

The problem is people live above their means. If an extra $100 a month in expenses destroys you that is your fault.

Note, government needs to cut taxes and reduce spending.

Answer 10

I am glad to see markets hitting new highs....means my ira's and 401K's are earning me money, corporate America is the ones profiting, it is the investor, who profits, if you aren't in the market in anyway, don't complain here!!!!!