One advantage of being the disenfranchised middle class in the UnitedStates

Dumbasses -


The media is making much tonite of the $1.2 trillion in lost value in
the stock market.

Keep in mind that since the top 1% wealthiest Americans own 80% of the
assets, that top 1% lost 80% of the $1.2 trillion.


thanks,

K. Gringioni.

Kurgan Gringioni wrote:
Dumbasses -


The media is making much tonite of the $1.2 trillion in lost value in
the stock market.

Keep in mind that since the top 1% wealthiest Americans own 80% of the
assets, that top 1% lost 80% of the $1.2 trillion.

This is not necessarily true.

Kurgan Gringioni wrote:

The media is making much tonite of the $1.2 trillion in lost value in the
stock market.

Keep in mind that since the top 1% wealthiest Americans own 80% of the
assets, that top 1% lost 80% of the $1.2 trillion.

Was it ever really 1.2 trillion anyway ?

On Sep 30, 2:09 am, Donald Munro wrote:
Kurgan Gringioni wrote:
The media is making much tonite of the $1.2 trillion in lost value in the
stock market.

Keep in mind that since the top 1% wealthiest Americans own 80% of the
assets, that top 1% lost 80% of the $1.2 trillion.

Was it ever really 1.2 trillion anyway ?

Very good point. It probably was not, but it's very difficult to
determine in those financial spheres just where real worth stops and
irrational exuberance starts, It might not matter. Lots of people are
losing their homes, some might even care (it being their only home),
but I don't think the bill would have stopped a single foreclosure. It
is mostly Big Banking & Other Stuff Inc. stopping by the Federal ATM
to re-charge their wallets. Remember, these people are Bush's base, by
his own admission. "To Protect and Serve", right? Lots of people seem
to have been telling their pols the bailout is a fraud and to vote
against it. I wonder how many of them are in foreclosure. The stats
these days are that people will let a mortgage go delinquent before
they will a car loan. We've become such gypsies, we Americans. The
Joads ran off for California and a better life, but where do you go
when there's no longer a frontier?

tf

thefronny wrote:
We've become such gypsies, weAmericans. The Joads ran off for California
and a better life, but where do you go when there's no longer a
frontier?

Space ?

On Sep 29, 10:26*pm, Kurgan Gringioni wrote:
Dumbasses -

The media is making much tonite of the $1.2 trillion in lost value in
the stock market.

Keep in mind that since the top 1% wealthiest Americans own 80% of the
assets, that top 1% lost 80% of the $1.2 trillion.

As I said on Sept 19:
"You sure hear the phrase "a trillion dollars" thrown around a lot
since Bush has been in office, and it's all been squandered."

But there are many other assets besides stocks. Apartment buildings
in Denver, for example:
http://www.boutiqueapartments.com/

That was a depressed market when everyone was moving out of apartments
and into houses they couldn't afford. My, what a buying opportunity!
Now those people are back, living in apartments again. Rents and
occupancy are up, and the buildings are valued by the income they
generate... which is average rent x occupancy. It's like minting
money.

As I said back in 2000:
"Every gray cloud has a silver lining, and the end of the Clinton era
of prosperity will be a bonanza for those who see it coming."

Ah, life is good. I love bargains.
-Paul