Fools, The Public
This is quite the rant, but a lot of good points are made....
There is a great deception taking place in our markets which is making most Americans act foolishly in their financial dealings. This deception is reflected in stock and bond market overvaluations and the distorted prices are adversely affecting us.
Most Americans know precious little about managing money, so when they are deceived into thinking they are artificially more wealthy than they actually are, they spend in excess, borrow too much, and this is called “economic stimulation.
The typical attitude of many middle class Americans is, ”What’s good for corporate America and the stock market, is good for me. Hey, the stock market and my house are going up in price, aren’t they?
In too deep, they have little in the way of independence; in many cases they are totally dependent on lifestyles they almost can’t stand. In short, even though they are in the land of freedom, they become less free.
People have only the time and inclination to form important opinions from sound or “bites” on TV, so they can’t give the necessary critical review to most important issues.
Monetary Deception and Spin Fools the Public
There is a great deception taking place in our markets which is making most Americans act foolishly in their financial dealings. This deception is reflected in stock and bond market overvaluations and the distorted prices are adversely affecting us.
Most Americans know precious little about managing money, so when they are deceived into thinking they are artificially more wealthy than they actually are, they spend in excess, borrow too much, and this is called “economic stimulation.
The typical attitude of many middle class Americans is, ”What’s good for corporate America and the stock market, is good for me. Hey, the stock market and my house are going up in price, aren’t they?
In too deep, they have little in the way of independence; in many cases they are totally dependent on lifestyles they almost can’t stand. In short, even though they are in the land of freedom, they become less free.
People have only the time and inclination to form important opinions from sound or “bites” on TV, so they can’t give the necessary critical review to most important issues.
Monetary Deception and Spin Fools the Public
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