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U.S. jobless rate surges to 10.2%.Where have money buy stock
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wingood



Joined: 11 Jul 2007
Posts: 536

PostPosted: Sat Nov 07, 2009 8:59 pm    Post subject: Reply with quote

USD carry trade?
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touchring



Joined: 01 Jun 2005
Posts: 8689

PostPosted: Sat Nov 07, 2009 7:52 pm    Post subject: Reply with quote

ascend88 wrote:
working where got time to play shares...

the more out of job....the more pple play shares....

hee hee....



This was what happened in China 2007 when shanghai went up to 6000 points, the china men were making much more money in stocks than their low pay jobs, everyone playing stocks in office.
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ascend88



Joined: 06 Aug 2005
Posts: 13100

PostPosted: Sat Nov 07, 2009 7:12 pm    Post subject: Reply with quote

working where got time to play shares...

the more out of job....the more pple play shares....

hee hee....
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solomen



Joined: 06 Jun 2007
Posts: 2301

PostPosted: Sat Nov 07, 2009 5:18 pm    Post subject: Reply with quote

10.2% unemployed means 89.8% still got jobs.

put simply. 1 unemployed. 9 still working u know. where got no money/ simple maths. need to explain further. Laughing
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touchring



Joined: 01 Jun 2005
Posts: 8689

PostPosted: Sat Nov 07, 2009 4:17 pm    Post subject: Reply with quote

rotiprata wrote:
It's very simple. With high unemployment Fed will keep zero interest rate. Banks can borrow unlimited amount of money from Fed at zero interest rate. Then banks will use the money to gamble in stocks & gold.

The longer Fed keep zero rate, the happier those banks are. So the party will last longer.

Banks don't care about high unemployment or small businesses don't get credit. They're more concern about making big money from the stock market, which is the best casino.



This was the same argument when oil prices rose to $145 last year. i think at that time someone said it will rise to $200? Laughing Laughing Laughing
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garyngng



Joined: 28 Apr 2009
Posts: 226

PostPosted: Sat Nov 07, 2009 4:10 pm    Post subject: Reply with quote

Do they need to be employed if the markets keep going up??

I have 2 colleagues who just resigned to trade full time.

They are yelling everyday at DBS securities these days.

That's life! Go get yourself one.
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Sharkula



Joined: 07 Feb 2009
Posts: 17516
Location: Between The Devil & the Deep Blue Sea

PostPosted: Sat Nov 07, 2009 3:24 pm    Post subject: Reply with quote

the richest 1% of the US population own half of US' wealth Laughing
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roger_roger



Joined: 29 Dec 2008
Posts: 277

PostPosted: Sat Nov 07, 2009 3:22 pm    Post subject: Re: U.S. jobless rate surges to 10.2%.Where have money buy s Reply with quote

TammyNYP wrote:
Thnik about it.
Long queue no jobs.

Where have the money buy stocks.
All selling stocks.


The ones buying the stocks aren't the ones without the jobs.....

"Thnik" about it Wink
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SGD



Joined: 22 Oct 2006
Posts: 4295

PostPosted: Sat Nov 07, 2009 2:44 pm    Post subject: Re: U.S. jobless rate surges to 10.2%.Where have money buy s Reply with quote

TammyNYP wrote:
Thnik about it.
Long queue no jobs.

Where have the money buy stocks.
All selling stocks.


Think about it, they print so much money... where will the money go eventually Smile

Cannot be go into poor man pocket...
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coocoobond3



Joined: 02 Feb 2009
Posts: 3688

PostPosted: Sat Nov 07, 2009 2:39 pm    Post subject: Reply with quote

STI going to reach 5000 pts!!!

Dow jones reach 30,000 pts! Smile
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