heheh.. investment dollars yield 10x returns. consumption dollars yield nothing but inventory reduction.
Let's see, which part of this don't I understand? The extra spending is supposed to get the corp. America wealthier and happier by raising their revenue and accordingly boosting their stock prices translating to more inflation which makes the poor consumer, poorer?! What am I missing here? Ah, I get it...it's addressing the Valentine's day upcoming purchases or maybe lazy chair for father's day or...well might as well, since $800 for an starving family of 5 with 1 bread winner will translate to how many meals again?
just a simple and naive question. How much of the $150B, goes directly overseas(specially China) to pay for the food, goods and services imported? I wonder if one should invest in the Chinese markets rather than the US, to benefit from this package?
So, we waited all week for that? For 800$? For the week, the Dow dropped 4.0% (down 8.8% y-t-d) and the S&P500 5.4% (down 9.8%). The Transports dipped 0.2% (down 8.6%), and Morgan Stanley Cyclicals dropped 3.9% (down 12.3%). The Utilities were smacked for 7.5% (down 5.9%), and the Morgan Stanley Consumer index fell 4.6% (down 7.7%). The small cap Russell 2000 was clipped for 4.5% (down 12.1%), and the S&P400 Mid-Caps sank 5.0% (down 11.9%). The NASDAQ100 declined 3.6% (down 11.6%), and the Morgan Stanley High Tech index lost 2.1% (down 12.1%). The Semiconductors rallied 1.3% (down 12.2%). The Street.com Internet Index fell 2.9% (down 11.5%), and the NASDAQ Telecommunications index dropped 4.7% (down 12.8%). The Biotechs declined 2.6% (unchanged). The Broker/Dealers sank 7.1% (down 14.2%) and the Banks 7.7% (down 12.4%). Although Bullion was down only $10.50 to $885, the HUI Gold index was hammered for 8.1% (up 6.7%) - Noland's market summary. Keep the 800$ you idiots. CUT THE FKEN RATES! DO IT NOW!
It is not what it will buy. It is psych ops. Put a positive spin on the mood of the country. $800? Married couple $1600, This is a lot of money to most people.
Gentlemen, may I suggest that if the GOP and Prez Bush didn't abandon the core values of Republicanism, we wouldn't be facing the prospects we are now? And look at the slate of idiotic GOP candidates running now for '08....please. Because of the fundamental breakdown of the GOP and the absolute and total incompetency of Bush/Cheney, the die is cast that we now are guaranteed to face tax hikes and more nanny state edicts. The GOP screwed their base. They are in disarray. They are a train wreck. Then again, could Democrats possibly screw things up any worse than Bush did? Ron Paul's ability to begin the TRUE movement of a viable third party alternative to this cancerous two-party system of ours is the only hope we have to return to a free society - free of social and economic imposition over the potential of the individual. But will the sheeple masses awaken in time?
You joke, but the drug trade is an integral part of our nation's economy. Our policies are designed to maximize revenue to the government from illicit drug sales and not to minimize drug usage by individuals as the propoganda machine tells us. Call me a conspiracy theorist and I'll call you blind, but regardless, controlling the drug trade and making sure uncle sam continues to be the largest profiteer from black-market drug sales, then laundering the money through US corporations, is one of the few tactics to put money onto the American balance sheets that wasn't printed out of thin air and allows America to maintain an unspoken edge in the world economy. As far as economic stimulus, getting everyone in the hood to buy $800 worth of crack may not be such a bad idea.