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Understood but you can understand his logic right? High public debt, low growth prospects, and high FT unemployment is a recipe for disaster.
http://www.investorsfriend.com/asset_performance.htm
Its been revised, as you can see here ... Somehow each revision lowers the "unemployment" ratehttp://www.shadowstats.com/alternate_data/unemployment-charts
I think you're forgetting GW Bush was in fact dumb as a rock but he was handed the aftermath following the dot com crash and the fall after the climax of the housing bubble his predecessor put in motion. Assuming your quoted numbers are accurate.
Does anyone actually think unemployment/underemployment is improving? Sure if you consider people benefiting from these great numbers: those "lucky" enough to be forced into part-time work or excluded "discouraged" workers who are sipping margaritas at their beach side residence.
Unemployment...
Can this "blame the previous guy" end already? Clinton masterminded the housing bubble and was out of office at the peak of the dot com bubble. Bush was handed the dot com bubble and started long/expensive unwarranted wars. Obama was perfect. We get it.
I agree with all except Buffet. The guy is the number one shareholder of Berkshire ... I'm pretty sure he pays enough in taxes. Even though he conveniently forgets all the dividends he received (plus controlling interests in large C-Corps) are double taxed.
Correct Goog did at IPO. The question is whether Facebook can grow as rapidly as Google to justify a triple digit P/E at IPO (an earnings yield of 1%). Further reading...http://www.forbes.com/sites/petercohan/2012/01/30/four-reasons-why-facebooks-ipo-is-irrelevant/Was Facebook's Q1 a kink in the...
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