“With 70% of the U.S. economy dependent on consumer spending, Buffett’s apparent lack of faith in these companies’ future prospects is worrisome.

Unfortunately Buffett isn’t alone.”

Obama continues to crap on Labor, wealth continues to concentrate, and despite desperate attempts to blow all sorts of bubbles the US economy – for the vast majority of Americans anyway – is as precarious as ever.

The two dominant political parties of Democrats and Republicans are a cancer on American Society.

http://www.moneynews.com/MKTNews/billionaires-dump-economist-stock/2012/08/29/id/450265?PROMO_CODE=110D8-1&utm_source=taboola

Comments

polycarp2 6 years 21 weeks ago
#1

The current primary driver of stocks is corporations buying their own stock to drive up the price...and then CEO's collecting a hefty bonus for the price increase.

The fundamentals for stock market rises just aren't there. It's a bubble. A big one.

Retired Monk - "Ideology is a disease"

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