Industrial Foreclosures
Why does the Dow Jones Industrial keep rising in a deep recession?
Unemployment is rising even higher and foreclosures are increasing. I can’t understand why the Dow is now rapidly approaching 9000. Where are the people getting money to invest in the stock market if they don’t have a home or a job?
The homeless or unemployed never dabbled in the stock market. I am an average person with a 9-5 job, but my employer offers a 401K and I have the option of moving my money from one fund to another. One of the funds is sort of like a savings account, it earns a minimal interest, but it will not lose value. That is where my money has been for about 6 months, now I am moving it into another fund that is tied to the SP500. If more people like me are doing this, it might have a little to do with the market rising.
Barney Frank gives advice to Republicans on Iraq, Fannie Mae, Freddie Mac etc..
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The Global Financial Crisis: Analysis and Policy Implications – CRS Report $0.99 The world appears to be recovering from the global recession that has caused widespread business contraction, increases in unemployment, and shrinking government revenues. Although the industrialized economies have stopped contracting, for many, unemployment is still rising. The United States likely hit bottom in June 2009, but numerous small banks and households still face huge problems in restor… |
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Downstream competition, foreclosure and vertical integration (Discussion paper series / Centre for Economic Policy Research. Industrial organization) … |
