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View Diary: “He’s Had Plenty of Time to Fix the Economy!” Why? How Long SHOULD It Take? (25 comments)

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  •  The interesting thing there (1+ / 0-)
    Recommended by:
    Obama Amabo

    is that the stock market had already recovered and is not that far off from historic highs.

    It's been repeated ad nauseum that CEO pay has been climbing and that a number of businesses are sitting on large stockpiles of cash, and a number of businesses have posted record and near-record profits over the past couple years.

    But they're not hiring, and in some cases are laying off people or trimming benefits so they can keep pushing the profits higher and higher.

    •  Trading volumes (0+ / 0-)

      are very thin.  The markets are only up due to continual Fed pumping.

      This can't go on forever.  The markets are going to get hammered next year and sooner if Iran is popped.

      "And there are those who give and know not pain in giving, nor do they seek joy, nor give with mindfulness of virtue; They give as in yonder valley the myrtle breathes its fragrance into space" Khalil Gibran

      by bcdelta on Wed Sep 26, 2012 at 08:45:26 AM PDT

      [ Parent ]

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