- Posts: 6540
- Thank you received: 0
Please Log in or Create an account to join the conversation.
neptunechimney wrote: [
"LET US accept things as they are, and PROFIT off the folly of the world."
Please Log in or Create an account to join the conversation.
Thanks and good luck if you go in. Not my cup of tea. OTOH that is what I thought about Blockbuster and Compaq when they were IPO's.Martin Ent Inc wrote: Been watching FROG.
Please Log in or Create an account to join the conversation.
Please Log in or Create an account to join the conversation.
Martin Ent Inc wrote: Haven't yet, but this one is interesting NSRS, falls back then charges forward, drops a little but increases at a steady pace.
Please Log in or Create an account to join the conversation.
Please Log in or Create an account to join the conversation.
Please Log in or Create an account to join the conversation.
Of course it's absurd to anyone with a room temprature IQ that the wealthy do not create jobs- what do they think? Do they think it's the poor people who create jobs?Are they the whiny rich? Or besieged job creators?
Whatever you call them, and whatever your politics, there is no doubting that the One Percent is on the defensive - culturally, financially and psychologically. And now a new poll shows that their fear and lack of risk taking may be imposing real financial costs on the economy.
It is those with the resources to invest and companies who turn a profit that create jobs. You don't need to be rich- but you need at least to have a business that is thriving in order to hire new people and put them to work.The 2012 Survey of Affluence and Wealth in America, from American Express Publishing and Harrison Group, finds that One Percenters are hoarding three times as much cash as they were two years ago. Their savings rate soared to 34 percent in the second quarter of 2012, up from 12 percent in 2007.
Does the left want jobs?- most certainly they do not or they would not support this class envy. Obama and others have continued their class warfare against the producers and job creators- and protest groups full of losers like the OWS crowd have given the job creators even more reasons to lay low.The One Percenters put 56 percent of their available cash into savings accounts and money markets in 2012 - that's up from 24 percent in 2007.
They're investing just 44 percent in financial markets - down from 76 percent in 2007. More One Percenters say the stock market is "a real risk" rather than a "real opportunity." That's a big switch from just last year, when 62 percent said the market was an opportunity.
So while the left complains that the 1% does not create jobs- they themselves are the main reason why they choose not to expand and invest under these conditions.In other words, One Percenters used to save less, and invest more. Now they're "basically stuffing money under the mattress," said Jim Taylor, vice chairman of Harrison Group.
There's a flood of cash just waiting for Obama to go away- and we all can invest again with more confidence that we are doing the right thing.The wealthy aren't just building financial moats, they're also building psychological moats. The Occupy movement, media coverage of inequality and the Obama campaign's "you didn't build it" attacks have all made the wealthy fearful of any outward signs of success.
Please Log in or Create an account to join the conversation.
Please Log in or Create an account to join the conversation.
LOL wrote: Those pre-1983 melted pennies are worth 2.4 x face value if they are copper. I'll bet silver dimes are pretty good too.
http://www.coinflation.com/coins/1909-1 ... Value.html
"$0.0244703 is the melt value for the 1909-1982 copper cent on January 17, 2012."
Dimes are much better $2.17 1946-1964
http://www.coinflation.com/coins/1946-1 ... Value.html
Please Log in or Create an account to join the conversation.