During the February storms that paralyzed the East Coast, killed 20 people and denied power to over 700,000, the U.S. stock market was on steroids. Misery apparently brings glee on Wall Street. Since it bottomed in 2009, the stock market has been on a meteoric rise - while economic security (and hope) has vaporized for middle and lower income class workers. The Federal Reserve was pumping $85 … [Read more...]
The Economy is SO Bad that Banks are Sending Out Pre-Declined Credit Cards
The economy is so bad that: Banks are sending out pre-declined credit cards. I ordered a burger at McDonalds and the kid behind the counter asked, "Can you afford fries with that?" CEO's are now playing miniature golf. If the bank returns your check marked "Insufficient Funds," you call them and ask if they meant you or them. Hot Wheels and Matchbox stocks … [Read more...]