BTW... profits for the first quarter really aren't setting records, guys.
Can't find the article now but read it about 2 weeks ago. It was actually about how not raising interest rates has had more of a negative effect on the middle class than raising interest rates. Their position was that the middle class were the individuals who lost jobs when there were mergers/buyouts. Because the cost of capital to pay for acquiring another company was so cheap, that's what has given companies the opportunity to go ahead and be able to afford the transaction. When there are mergers/buyouts, the jobs lost are typically middle class jobs due to consolidation of operations. Also, many in the middle class are not in the position to put their money in stocks with the potential to lose that money. So with the low interest rates on savings and CDs, they can't really get much when trying to save money.
Since I don't deal in billion dollar transactions, .25% wouldn't kill me. But when you're talking billions, it obviously does.
"How stupid is our country?"
It's one thing to accept creeping disaster by getting used to it a piece at a time, while swallowing government Kool Ade. It's another for people who look at the big picture and see where all this is headed..
The average Joe is being impacted by fewer middle class jobs, higher prices and taxes, and less opportunity to get ahead.. The financial gurus see the economy spiraling down in flames the more our politicians "help" it..
I'd kinda listen to the gurus a lot closer than the government spin doctors...
Folks get used to low prices. Then act indignant when prices go up.
Low prices and rates are part of our capitalist system. They are no more an entitlement than high prices.
They hate competition.
The ideal that is impossible to keep, if you ever get it.. Survival of the fittest... Progress...
Only the lame, weak and inefficient need the government's help in the marketplace..
Which it does, frequently.