The stock markets, especially the ones in New York are flying high. The number 11,000 has been reached on the Dow, again, as it was a decade earlier. The high velocity traders are raising it higher because of the free money from the Federal Reserve Bank. When the time comes for them to take their profits, the small investor will be left behind to “lick their wounds.”
COMPANIES MAKING MONEY
Companies are doing well for the most part. The big companies have cut workers and are investing in the developing countries. Harley-Davidson is now pushing their bikes in India at twice what they can get in a sale price here. Their stock would naturally go higher because of the possibility of growth abroad, as will be the case with most corporations.
The small investor is now a showpiece to show how all Americans own a piece of corporations. This is as true as the small people who donate small amounts to a political campaign. Both these foolish groups are forgotten after they are used.
INCOME
Income is now migrating upwards. Most of the profits and pay raises in the last decade or so have gone to the top 1 percent of the population. The future of the country is as a gated community. Similar to the Hispanic estates in Latin American which are surrounded by walls topped off with broken glass embedded in cement.
If you are not the very rich, you will be in the poor category. As a clock is right twice a day, even Marx was correct on one thing. There will be a small oligarchy and the rest will be part of the poor. Those who believe America’s best days are ahead are those who will be living in gated communities.
COMPANIES MAKING MONEY
Companies are doing well for the most part. The big companies have cut workers and are investing in the developing countries. Harley-Davidson is now pushing their bikes in India at twice what they can get in a sale price here. Their stock would naturally go higher because of the possibility of growth abroad, as will be the case with most corporations.
The small investor is now a showpiece to show how all Americans own a piece of corporations. This is as true as the small people who donate small amounts to a political campaign. Both these foolish groups are forgotten after they are used.
INCOME
Income is now migrating upwards. Most of the profits and pay raises in the last decade or so have gone to the top 1 percent of the population. The future of the country is as a gated community. Similar to the Hispanic estates in Latin American which are surrounded by walls topped off with broken glass embedded in cement.
If you are not the very rich, you will be in the poor category. As a clock is right twice a day, even Marx was correct on one thing. There will be a small oligarchy and the rest will be part of the poor. Those who believe America’s best days are ahead are those who will be living in gated communities.