There have been many articles and books written about the cause of the Stock Market Crash of 1929. As in many manmade disasters it can be difficult to determine THE CAUSE because there are in fact multiple causes which combine to generate the eventual catastrophe. Many so-called experts like to point to one cause or [...]
Posts Tagged ‘stock market’
Is the U.S. Stock Market Being Manipulated?
Posted in Economy, Government, Life, Thoughts, World Affairs, tagged economic meltdown, nouriel roubini, stock market on October 30, 2009 | 2 Comments »
Is the U.S. Economy Dead or Is It Just Dying?
Posted in Economy, Government, Life, Technology, Thoughts, World Affairs, politics, tagged 401k, 529, banks, Capitalism, economic meltdown, economic models, Economic Stimulus, Economy, stock market, TARP on October 23, 2009 | Leave a Comment »
One year ago, the entire American banking system was on life support. It was only through the intervention of the Federal government, using the promise of a semi-infinite supply of tax dollars that some of the banks survived. If this infusion of billions and billions of dollars of cash had not been made our entire [...]
Stock Markets Tumble Worldwide – Coincidence?
Posted in Economy, Government, Life, Thoughts, World Affairs, tagged China, Japan, recession, stock market on August 17, 2009 | Leave a Comment »
There are a lot of Americans who are invested in the stock market one way or another. Many have 401k retirement plans. Many have 529 college fund plans. Some have IRAs and others simply buy stocks or bonds directly through a broker. One way or another, I would guess that perhaps half or more of [...]
401k Plans Are Just a Ponzi Scheme
Posted in Economy, Government, Life, politics, tagged 401k, Ponzi, stock market on March 5, 2009 | 1 Comment »
The 401(k) section of the Internal Revenue Service code was approved by the U.S. Government in 1978 and became effective on January 1, 1980. This plan supposedly allows employees to invest in the stock market in order to create funding for a comfortable retirement. Ever since the 401(k) provision was created Congress has passed [...]
The Redistribution of Wealth – McCain Style
Posted in Economy, Government, Thoughts, World Affairs, politics, tagged 401 (k), McCain, Obama, stock market on October 23, 2008 | 2 Comments »
John McCain is fond of saying that Barack Obama wants to “share the wealth”. By this he means that Barack’s tax plan is unfair and that it will result in taking money from the wealthiest people in America (like John McCain) and giving it to the less wealthy (like you and me). He and Sarah [...]