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Author: Jerry KrausJerry Kraus Date: Feb 6, 2008 07:16
On Feb 5, 4:10 pm, Michae...@ gmail.com wrote: > On Feb 5, 11:36 am, Jerry Kraus yahoo.com> wrote:
>
>
>
>
>>> ...but, this time, the stock market is a lagging indicator. Usually,
>> a falling stock market leads to a recession. But, this time, the
>> stock market is falling because investors are realizing, after the
>> fact, that we are already in a recession. This is not a good sign for
>> the economy. It means that even with heavy equity investment, the
>> economy has nowhere to go, given the current structure of things. It
>> means that no matter how much money is invested in the current
>> economic structure, it will remain in depression.
>
>> There is a very simple reason for this. There is no middle class
>> anymore. There are a small number of very rich people, and huge
>> numbers of poor people. So, the vast majority of people have no money
>> to spend, and no opportunity to participate in the economy. So, there ...
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Author: tata Date: Feb 6, 2008 08:13
On Feb 6, 10:16 am, Jerry Kraus yahoo.com> wrote:> On Feb 5, 4:10 pm, Michae...@ gmail.com wrote:
>
>
> >> On Feb 5, 11:36 am, Jerry Kraus yahoo.com> wrote:>
>>> ...but, this time, the stock market is a lagging indicator. Usually,
>>> a falling stock market leads to a recession. But, this time, the
>>> stock market is falling because investors are realizing, after the
>>> fact, that we are already in a recession. This is not a good sign for
>>> the economy. It means that even with heavy equity investment, the
>>> economy has nowhere to go, given the current structure of things. It
>>> means that no matter how much money is invested in the current
>>> economic structure, it will remain in depression.
>
>>> There is a very simple reason for this. There is no middle class
>>> anymore. There are a small number of very rich people, and huge
>>> numbers of poor people. So, the vast majority of people have no money
>>> to spend, and no opportunity to participate in the economy. So, there ...
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Author: Jerry KrausJerry Kraus Date: Feb 6, 2008 08:28
On Feb 6, 10:13 am, ta nc.rr.com> wrote:> On Feb 6, 10:16 am, Jerry Kraus yahoo.com> wrote:
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>
>
>
>>> On Feb 5, 4:10 pm, Michae...@ gmail.com wrote: >
>>> On Feb 5, 11:36 am, Jerry Kraus yahoo.com> wrote:>
>>>> ...but, this time, the stock market is a lagging indicator. Usually,
>>>> a falling stock market leads to a recession. But, this time, the
>>>> stock market is falling because investors are realizing, after the
>>>> fact, that we are already in a recession. This is not a good sign for
>>>> the economy. It means that even with heavy equity investment, the
>>>> economy has nowhere to go, given the current structure of things. It
>>>> means that no matter how much money is invested in the current
>>>> economic structure, it will remain in depression.
> ...
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Author: tata Date: Feb 6, 2008 08:45
On Feb 6, 11:28 am, Jerry Kraus yahoo.com> wrote:> On Feb 6, 10:13 am, ta nc.rr.com> wrote:
>
>
>>> On Feb 6, 10:16 am, Jerry Kraus yahoo.com> wrote:>
>>> On Feb 5, 4:10 pm, Michae...@ gmail.com wrote: >
>>>> On Feb 5, 11:36 am, Jerry Kraus yahoo.com> wrote:>
>>>>> ...but, this time, the stock market is a lagging indicator. Usually,
>>>>> a falling stock market leads to a recession. But, this time, the
>>>>> stock market is falling because investors are realizing, after the
>>>>> fact, that we are already in a recession. This is not a good sign for
>>>>> the economy. It means that even with heavy equity investment, the
>>>>> economy has nowhere to go, given the current structure of things. It
>>>>> means that no matter how much money is invested in the current
>>>>> economic structure, it will remain in depression.
> ...
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Author: Jerry KrausJerry Kraus Date: Feb 6, 2008 08:53
On Feb 6, 10:45 am, ta nc.rr.com> wrote:> On Feb 6, 11:28 am, Jerry Kraus yahoo.com> wrote:
>
>
>
>
>>> On Feb 6, 10:13 am, ta nc.rr.com> wrote:>
>>> On Feb 6, 10:16 am, Jerry Kraus yahoo.com> wrote:>
>>>> On Feb 5, 4:10 pm, Michae...@ gmail.com wrote: >
>>>>> On Feb 5, 11:36 am, Jerry Kraus yahoo.com> wrote:>
>>>>>> ...but, this time, the stock market is a lagging indicator. Usually,
>>>>>> a falling stock market leads to a recession. But, this time, the
>>>>>> stock market is falling because investors are realizing, after the
>>>>>> fact, that we are already in a recession. This is not a good sign for
>>>>>> the economy. It means that even with heavy equity investment, the ...
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Author: roylsroyls Date: Feb 6, 2008 08:54
On Wed, 6 Feb 2008 08:13:16 -0800 (PST), ta nc.rr.com> wrote:
>On Feb 6, 10:16 am, Jerry Kraus yahoo.com> wrote:>>
>> Oh, I'm not jealous. I''m hostile. The rich are scum. The rich
>> should be publicly crucified. They've generally gotten their wealth
>> through violence, deception and theft.
>
>(laugh) Ah, the voice of reason. I'm guessing the number of "rich"
>people you know is exactly zero.
Well I know, personally, several seriously rich people (assets in 8+
figures). Allow me to enumerate how they got the bulk of their money:
1. Inheritance.
2. Selling shares in worthless companies, none of which ever make a
profit, let alone pay a dividend.
3. Government grants and loans totalling over half a billion dollars
that increased the market cap of a company by two orders of magnitude
in 15 years (and most of the company's profits have been made not in
the manufacturing industry that the grants and loans were for, but by
trading currency and interest rate derivatives).
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Author: tata Date: Feb 6, 2008 09:04
> On Wed, 6 Feb 2008 08:13:16 -0800 (PST), ta nc.rr.com> wrote:>>On Feb 6, 10:16 am, Jerry Kraus yahoo.com> wrote:>
>>> Oh, I'm not jealous. I''m hostile. The rich are scum. The rich
>>> should be publicly crucified. They've generally gotten their wealth
>>> through violence, deception and theft.
>
>>(laugh) Ah, the voice of reason. I'm guessing the number of "rich"
>>people you know is exactly zero.
>
> Well I know, personally, several seriously rich people (assets in 8+
> figures). Allow me to enumerate how they got the bulk of their money:
>
> 1. Inheritance.
About 15%% of wealthy people inherit their wealth.
> 2. Selling shares in worthless companies, none of which ever make a
> profit, let alone pay a dividend.
>
> 3. Government grants and loans totalling over half a billion dollars
> that increased the market...
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Author: tata Date: Feb 6, 2008 09:15
On Feb 6, 11:53 am, Jerry Kraus yahoo.com> wrote:> On Feb 6, 10:45 am, ta nc.rr.com> wrote:
>
>
>>> On Feb 6, 11:28 am, Jerry Kraus yahoo.com> wrote:>
>>> On Feb 6, 10:13 am, ta nc.rr.com> wrote:>
>>>> On Feb 6, 10:16 am, Jerry Kraus yahoo.com> wrote:>
>>>>> On Feb 5, 4:10 pm, Michae...@ gmail.com wrote: >
>>>>>> On Feb 5, 11:36 am, Jerry Kraus yahoo.com> wrote:>
>>>>>>> ...but, this time, the stock market is a lagging indicator. Usually,
>>>>>>> a falling stock market leads to a recession. But, this time, the
>>>>>>> stock market is falling because investors are realizing, after the
>>>>>>> fact, that we are already in a recession. This is not a good sign for
>>>>>>> the economy. It means that even with heavy equity investment, the ...
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Author: Jerry KrausJerry Kraus Date: Feb 6, 2008 09:21
On Feb 6, 11:15 am, ta nc.rr.com> wrote:> On Feb 6, 11:53 am, Jerry Kraus yahoo.com> wrote:
>
>
>
>
>>> On Feb 6, 10:45 am, ta nc.rr.com> wrote:>
>>> On Feb 6, 11:28 am, Jerry Kraus yahoo.com> wrote:>
>>>> On Feb 6, 10:13 am, ta nc.rr.com> wrote:>
>>>>> On Feb 6, 10:16 am, Jerry Kraus yahoo.com> wrote:>
>>>>>> On Feb 5, 4:10 pm, Michae...@ gmail.com wrote: >
>>>>>>> On Feb 5, 11:36 am, Jerry Kraus yahoo.com> wrote:>
>>>>>>>> ...but, this time, the stock market is a lagging indicator. Usually, ...
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Author: tata Date: Feb 6, 2008 09:49
On Feb 6, 12:21 pm, Jerry Kraus yahoo.com> wrote:> On Feb 6, 11:15 am, ta nc.rr.com> wrote:
>
>
>>> On Feb 6, 11:53 am, Jerry Kraus yahoo.com> wrote:>
>>> On Feb 6, 10:45 am, ta nc.rr.com> wrote:>
>>>> On Feb 6, 11:28 am, Jerry Kraus yahoo.com> wrote:>
>>>>> On Feb 6, 10:13 am, ta nc.rr.com> wrote:>
>>>>>> On Feb 6, 10:16 am, Jerry Kraus yahoo.com> wrote:>
>>>>>>> On Feb 5, 4:10 pm, Michae...@ gmail.com wrote: >
>>>>>>>> On Feb 5, 11:36 am, Jerry Kraus yahoo.com> wrote:>
>>>>>>>>> ...but, this time, the stock market is a lagging indicator. Usually, ...
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