i have the same experience with the market regarding my trading for last few years as what most posted here, ignore Jack and ProfLogic, suffice to say i used to think something of Prof until the more i read the more sounds like sh*t, as for Jack, i'm a statistician and has done all differential...
not a real cliche but when Ben testified before the senate, we got to do something about this huge debt, isn't that ironic, sort of like after someone screw you in the back and say we got to do something about that rip
from own personal and my family members experiences, i'm really grateful for the health care in Canada and Europe. you sh try being ill in Singapore, Hong Kong or China then u won't be making such statements, u will get a heart attack when u see the bill
China seems rich only bc they are not overwhelmed with social programs, the gov't is not truly elected unlike in a westernised political set up where there is a need to satisfy voters with popular programs even when the coffers are empty. This often lead to policies that provide short term...
someone else on this site pointed out, is that Ben really hasn't got a choice, if he doesn't inflate to save the stock markets, everyones pensions will go down the drain, but here is my thought, in doing so he's tampered with market forces which if left alone would lead to efficient allocation...
not sure where u get that shit in your head, there r lots countries with debt way worse off than the US, so if anyone thinks the US will go down, so will lots others, thats what i meant no more no less