Dow Jones keeps rising

[RecycleMichael]

The Dow might break the 11,000 barrier today. Just 14 months ago it was 6,600.

That sure makes my retirement fund look better.

[Cats Cats Cats]

I blame Obama

[fotd]

Yes, a year ago was the opportunity of a lifetime.

Bumpy for a while during an election year. Followed by an erection year as employment picks up.

The coming bank regs and bills will tamper down enthusiasm. But it looks optimistic going out 5 years despite some interest rate rise coming out of the markets and not Fed induced. Inflation will continue to be high in some areas, commodities, energy and food while deflation continues to hurt fixed assets like real estate. Mixed bag but overall technology will continue to drive us upward. If only we could get the Obstructionists to get on board with the movement towards a green economy we'd see real possibilities.

Much of this restoration of confidences and stabilization of markets is Obama's fault.

No more bubbles.....

[spartanokc]

I agree with you on the green economy for the most part, but I just have to piss on the Dow rising.. how many new jobs has it created? Has it even turned around the financial market? No, because Obama's new arcane rules on lending will still make speculative residential development absolutely impossible even in an up-and-up economy. Which the ironic thing about that is that all of the Bailout and Stimulus provisions intended to infuse banks with capital will just backfire if banks can't lend it to spec developers--that money will just go towards shoring up the banks that play ball with Obama, which is NOT what we need to get the economy moving again..

Sorry.. but Obama worship, on the economy? Really? Woow. Yes, I realize that the job market typically lags the trends in the stock market by about 6 months. But here's the reality: Obama's new lending rules which came out the other side of his mouth that the Stimulus came from are still going to make a recovery as we know it much, much slower than it needs to be. And something we can be concerned about, is that will push back the sustainable growth of almost every city by at least 5 years. Sustainable growth is much more reliant on speculative marketing than non-sustainable growth, that's just the way it is. You need the free market a lot more than people realize in order to make sustainability work.

[nathanm]

No, because Obama's new arcane rules on lending will still make speculative residential development absolutely impossible even in an up-and-up economy.

You haven't noticed much around here because there wasn't a lot of spec housing built in Oklahoma, but go a hundred miles to the east and see how the banks are doing and look at the unsold new home inventory and then try to tell me that spec housing isn't a bad idea.

[fotd]

Is Spartanokshitty a bankster distressed by what his brethren have wrought on all the USA?

Economic growth should never be based on home building. A home is a place to live. It should not be considered an investment for profit. Development should be based on supply and demand and non speculative.

First there were the attacks on health care. Expect the next round of attacks to be in defense of big business, wall street and the banksters as necessary financial regulatory change is mandated by the world. Obama is making a big difference in the transformation decade by putting in belts and suspenders to insure we never again experience the abuse of credit, the speculative bubbles, and the complete decimation of financial stability through powerful self interests. Get off his back. You should welcome the government actions to insure that the abuses the Reagan/Bush years allowed do not return to the financial markets.

Get confidence. Get smart.

[rwarn17588]

Sustainable growth is much more reliant on speculative marketing than non-sustainable growth, that's just the way it is.

Is anyone else troubled by this sentence? Wasn't crazy speculation one of the huge drivers of the real-estate bubble that led to this gigantic mess in the first place?

I'm not sure I want to re-inflate the bubble.