A hearty 'congratulations' to America's richest people!
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  A hearty 'congratulations' to America's richest people!
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Author Topic: A hearty 'congratulations' to America's richest people!  (Read 370 times)
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CrabCake
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« on: January 31, 2017, 09:12:17 AM »

http://www.forbes.com/sites/noahkirsch/2017/01/28/americas-10-richest-gain-16-billion-during-trumps-first-week/#45aca33d70ec

Wow! Well done! Highly deserved!
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Klartext89
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« Reply #1 on: January 31, 2017, 09:14:24 AM »

I thought this was Obamas boom/surge on the stock markets?
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JJC
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« Reply #2 on: January 31, 2017, 09:28:30 AM »


I mean, everyone benefits when the stock markets rally. There's a lot of red tape being removed to spur growth right now. And whether you agree with axing these regulations or not, the fact is they were an impediment to growth. Plus you have the XL pipeline coming as well as an energy friendly administration who's number one goal is to increase jobs in America - even if that means protectionist policies.

I'm not rich, but my 401k has improved greatly since the rally began.
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Bismarck
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« Reply #3 on: January 31, 2017, 11:47:49 AM »


I mean, everyone benefits when the stock markets rally. There's a lot of red tape being removed to spur growth right now. And whether you agree with axing these regulations or not, the fact is they were an impediment to growth. Plus you have the XL pipeline coming as well as an energy friendly administration who's number one goal is to increase jobs in America - even if that means protectionist policies.

I'm not rich, but my 401k has improved greatly since the rally began.

Yeah the idea that the stock market is only rich people is pretty outdated (looking at you Bernie Sanders)  Lots of pension plans depend on it.
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parochial boy
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« Reply #4 on: January 31, 2017, 05:26:21 PM »

Removing red tape is good for growth in the same way that maxing out your credit card makes you rich.

It gives you the appearance of strong growth, but is setting up a disaster down the line.
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