carmelo5

5 ms·

1.
by carmelo5 16y ago
Well, GDP growth doesn't exist in a vacuum. It's spread throughout every demographic. Every demographic is consuming more than it's ever consumed (highest GDP). Now, I'm assuming you might mean high unemployment as your main complaint. We h
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by carmelo5 16y ago
The government stimulus (QEs) can last forever because we have a monopoly on our currency. The Fed can print as much money as it wants. Of course, too much stimulus causes inflation. Banks have the cash, and are lending.
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by carmelo5 16y ago
The "culture of fraud and deception" is illegal. Acts of deception can range from fines to decades in jail. Wall Street firms make money from customers who choose to do business with them. Any hint of deception completely destroys any futur
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by carmelo5 16y ago
Sorry, but that's highly misleading. Demand deposits are liabilities on the commercial bank's financial statements. The "cash" is an asset, which is owed to the depositor. That's very basic financial accounting. Banks pay for FDIC coverage,
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by carmelo5 16y ago
GDP is up. Dow is back to 12,000. Banks are liquid. Output is as high as it's ever been. Krugman and friends, not to mention the more conservative economists, do not share your views. I really don't understand the populist sentiment.
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by carmelo5 16y ago
"...while every single one of the 19,000 tax cheats who diverted billions in taxes are free..." Maybe because we live under a rule of law that says you're innocent until proven guilty.
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by carmelo5 16y ago
Sorry, but even Paul Krugman, as well as every other Nobel Laureate in economics, supported TARP. A collapse to the financial system would've wreaked havoc to the economy (ala The Great Depression). "All we have gotten now" is a stablizatio
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by carmelo5 16y ago
What exact protections are you talking about? The market is already rewarding the most efficient banks.