'Bubblets' in the U.S. economy?
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Fareed speaks with Steve Rattner, chairman of Willett Advisors, about the U.S. economy.
Robert Shiller, the economist who predicted both the tech bubble and the housing bubble, says we're back in bubble territory. What do you say to that?
Stocks are expensive. There's no question about that. By any historic measure, we look at the price of stocks relative to the earnings of the underlying companies, they're trading at about 16 times earnings, which is high. It's above its long-term historic average.
And you do see little bits and pieces of what I'll call “bubblets” around in the sense that you had a number of tech stocks that were quite high, Twitter, for example. Now they've started to come back down again.
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Yes. Most stocks are expensive except for penny stocks. I hear they can be a good deal and get u a wind fall.
America is the root of all terror. America has invaded sixty countries since world war 2.
In 1953 America overthrow Iran's democratic government Mohammad Mosaddegh and installed a brutal dictator Shah. America helped Shah of Iran to establish secret police and killed thousands of Iranian people.
During Iran-Iraq war evil America supported Suddam Hossain and killed millions of Iranian people. In 1989, America, is the only country ever, shot down Iran's civilian air plane, killing 290 people.
In 2003,America invaded Iraq and killed 1,000,000+ innocent Iraqi people and 4,000,000+ Iraqi people were displaced.
Now America is a failed state with huge debt. Its debt will be 22 trillion by 2015.
Imagine buying lot's of Microsoft stock at the beginning of that corporation.. You would have struck oil.
There is money to be made in Wall Street, but regardless, it's always a rollercoaster ride. And I only invest upon advice from my financial planner. Even then, I only go with environmental conscious corporations.
The stock market, the bond market, the dollar, and global derivatives are indeed concerns to many. Applying the term "bubblet" to any of these is the equivalent of calling the circle thingy in the center of a hurricane an "eyelet".
So true RZlet.
For those who follow the money, ya gotta read this article that came out today. Ya just gotta read it.
The Fed Is The Great Deceiver — Paul Craig Roberts and Dave Kranzler
This has been the least informative price of journalism I have seen on CNN.com. No one can draw any conclusion based upon a 30 sec sound bite without context or historical fact or trend to which to base an argument. Worthless.
Thanks @ RZ i read it. Wasnt surprised though! Im thinking thats the primary reason that NOT ONE POTUS authorises an audit of the Federal Reserve!
Remember the car/van bombs and threats on the WTC? And the $2.3 trillion that disappeared under Rumsfeld. Then voila! 911 and WTC#7 miraculously implodes. Money gone, paper trail conveniently incinerated! Ya gotta wonder now if Fed bldgs will also start to miraculously disappear somehow? Is it even possible with all the massive surveillance and security in place? Well gee, Rand Paul is pushing for an audit and there's already been an attempted terrorist attack on the NY Fed bldg...(?). Things that make ya go hmmmmm?
How do you see Tweteer as a short term investment or Long term investment?
Easy, if it's spelled with a short "e" as in "tweteer" then ya go short. And if it's a long "ee" like in "tweeter" then ya go long. Ok, roll your eyes and say "smart ass". But maybe better just to follow the advice of that old geezer from Omaha and avoid it altogether.
Lol @ RZ are you sure it wasn't Ron Paul that was pushing for that audit? It was soon after he announced his intention that he lost much of his backing for his run for POTUS.
But seeing as he is his fathers son, maybe he will pick up where his father left off! It has been over 60 years since an audit was done and everything else of importance gets audited so the Federal Reserve should be of the utmost importance! However, given how much corruption goes on i will be surprised to see it happen in my lifetime.
Ron Paul introduced the bill in 2009. But yesterday's news is; United States Senator Rand Paul (R-Kentucky) says he plans to hold the appointment of three new likely members of the US Federal Reserve unless colleagues in Congress hold a vote on auditing the Fed.
Yes i know @ RZ. And the bill proposed by Rands father passed but as you can see, it went no farther than that.
Being successful in the stock market is akin to rolling the dice at a casino or buying a lottery ticket. The Fed prints money out of thin air and in the Currency Exchange the USD is way down. My illusions about The Fed have been shattered and thus I avoid the market. The propoganda about whether S&P and the Dow is up is just that.
Agree @ dazzle. I hav3 stocks in one company and quit checking them ages ago! I figure one day that can be my kids job because i am no longer interested! And i have that very same lack of interest in all the numerous casinos here as well.
Oops meant "have not hav3" lol 3 stocks shouldnt interest anyone!