You Know You Are In A Bubble When... en-us Wed, 31 Dec 1969
19:00:00 -0500 Thu, 19 Dec 2013 17:35:42 -0500 Joe Weisenthal
Justin Poppiti Mon, 22 Apr 2013 10:19:39 -0400 Wow, you can't
truly believe your last sentence. I know many people that are
willing to work a lot more than 40 hours a week and can't find a
full-time job. And, some of them have ten years of full-time
experience in STEM jobs. So, no, everyone can't get a job and
afford a house. scottindallas Mon, 22 Apr 2013 08:48:05 -0400
you described a financialized economy with no capital intensive
production. What you described is a house of cards. low rates
are what inflate bubbles. Also low capital gains inflate
bubbles. We're in a speculative economy, not a capitalistic
economy. Higher tax rates are needed for capitalism--to
encourage the investment in capital intensive production. Low
rates encourage financialization, speculation and quick money
schemes--bubbles/aka find a bigger sucker investments.
scottindallas Mon, 22 Apr 2013 08:42:08 -0400 appl