Also responsible for the tech REVOLUTION. The great recession was caused by politicians demanding the lowering of requirements for home ownership, leading to shit paper aka non-performing loans. Wall Street was handed the steaming mess and told to make chicken salad out of chicken shit......not possible.
Yellen's job puzzle: Why are 20-somethings retiring?
- Thread starter gwb-trading
- Start date
I agree with you, but its not how it really works. Its very obvious that there are certain members of society who do very little and get very far, and the rest just want to get lucky as well. Of course they never will, but you still can't fully blame them when they see so many examples, be it youtube stars or crooked politicians or overpaid CEO's, or....
The fact is that working hard isn't what gets you ahead, its working smart. Most aren't smart enough of course.
Just like in the business world there is moral hazard, it also exists in society. If banks can issue mortgages that will never be repaid and yet the banks keep all the profit, why can't a regular joe sit around at home and play video games while the government gives him money for food and a place to eat? Its much cheaper actually to bail out hungry lazy people than the rich who insist that the world needs them.
Dead people and illegals,and who put those politicians into office?
The system is corrupt and you have to learn how to fend for yourself. That's the beauty of trading, you can do it from anywhere and the politicians be damned.
it's entertaining to listen to the opinions of the grandpas on here
a dying generation, out of touch with reality, but insisting that they know best - and that's why they vote for the GOP
a dying generation, out of touch with reality, but insisting that they know best - and that's why they vote for the GOP
I have as much contempt for the GOP as I have for the Dem's but I reserve the greatest contempt for the tools of either.
That's where America went wrong soooooo long ago. The government should never have done that. The support policies which were initially intended to be a "hand up" in difficult times, morphed into a parasitic way of life in exchange for votes.
If I were making the rules, "social support" would be "3 hots and a cot". And if that ain't good enough for somebody, they can just get a job and pay for what they want... just like every other non-parasite.
Agree, but likewise, this same thing can be said about the financial markets, big banks, most corporations, CEO pay, etc.
Lets also talk about the cost of borrowing money. If you were to lend out money, I would like to think that you would want to make a bit more than just 1 or 2% for an entire year if you were actually taking on the risk. But since there is no risk with all this free money, lets just give away some more! Would banks actually lend if they would lose out? They would require the 50% down payment that used to be the case decades ago before they put up their own money.
If its good to teach regular citizens to be responsible for their own actions because there are consequences, I think corporate America needs to start by way of example.
Besides, its actually good for business to feed the hungry. They have more money now to pay for iphones. If they actually died, Apple would suffer from less sales. With the government helping to feed people, corporations are actually benefiting more in my opinion.
You're talking separate issues... apparently one wrong justifies the other in your mind.
Just how many wrongs make a right?