re: Meanwhile the stock market is going up monkey nuts

Stock market gets rid of local investment imo. Instead of people putting money in the local environment they just stick in the stock market. It is completely selfish to put money into the stock market and is bad for local economies. I do get that it is an easy way to make passive money. It just encourages too many evils in the financial world imo.

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zatetic

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It's a topic for a whole other thread, but the emphasis on short term gain, and distance/uncaring what's in your 401k and what those companies are up to, will come back to bite eventually.

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What is the con? The con is that economic growth is both good and real. It is most often neither. The long con is nominal returns versus real returns. What keeps the con going? Apart from greed? Money printing. Please, understand that if the amount of money in a closed system doubles, the value of each monetary unit halves, and the price of everything, including stocks, increases 100%.

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Watch out! You're going to have LSURussian all up your arse...., Big Banking/Fed saved the World economy in 2008/2009. LOL!

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Very true....one must ask themselves who was to benefit most from cheap money? The answer is those that had money to invest when the printing press(or to be more accurate keyboard stroke) went crazy. One one hand you have a young person who graduated college in 2008, got a job paying 40k. Maybe after a few years he started his own business in 2012, and increased his income to 80k. Seems like a typical American success story and it would be if he had done so in 1980 instead of 2008. On the other hand you have the man who started his business in 1980 and did very well. He had tons of money invested in the late 00s when wall street was bailed out. He should have lost a ton of money...but instead printed money was pumped into the stock market, doubling his wealth. With cheap money, he can easily borrow, he buys a lot of real estate for cheap, driving up the housing prices in his area. The millenial, now wants to branch out and buy some real estate, but the banks squeeze him because he is overleveraged and he is looking at prices much higher than they would be in a true market. Its all BS and all will come crashing down eventually. Baby boomers and Gen Xers lover to bag on millenials but they are the ones that sucked dry the government tit and left nothing for anyone else.

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Dave Ramsey said basically the same thing. He said he made a killing buying real estate following the 2008/2009 meltdown, as did corporate real estate investors.

Those fricks got cheap money to assist the "Big Investment Banks", helping to clear their bad real estate loans