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#48482 - 01/05/18 10:07 AM Warren Buffet talks about RICH folks and Stock Markets
BernieOfCarthageTx Offline
Angler

Registered: 09/07/14
Posts: 490
The RICH folks have gotten richer 29 times over since the 80s.
He says "Trickle down" never worked.

The richest 0.1% of Americans own as much as the entire bottom 90%, and the wealthiest 10% own nearly 90% of stocks, according to data from DB Global Markets Research and the World Wealth and Income Database.

Just something to brag about as Trumps brags about the Stock Markets.
Folks are going nowheres according to Buffets. shocked
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#48483 - 01/05/18 10:08 AM Re: Warren Buffet talks about RICH folks and Stock Markets [Re: BernieOfCarthageTx]
BernieOfCarthageTx Offline
Angler

Registered: 09/07/14
Posts: 490
https://www.msn.com/en-us/money/savingandinvesting/warren-buffett-explains-what%E2%80%99s-wrong-with-the-economic-system-that-made-him-billions/ar-BBHSPE9?li=BBmkt5R&ocid=spartandhp
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#48485 - 01/05/18 02:33 PM Re: Warren Buffet talks about RICH folks and Stock Markets [Re: BernieOfCarthageTx]
Capt. Guts Online   content
LFF Captain

Registered: 04/21/11
Posts: 8907

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#48486 - 01/05/18 10:01 PM Re: Warren Buffet talks about RICH folks and Stock Markets [Re: BernieOfCarthageTx]
Doctoordan Offline
Extreme Angler

Registered: 06/05/15
Posts: 1508
Loc: Southeast Texas
I’d have to agree on trickle-down economics, I didn’t enjoy when Reagan tried it ( asked business to limit raises in an attempt to curb inflation)
Which really delayed me at a key time in my career. The only way to make decent money is to own the stocks in the companies PRIOR to implementation.
The problem is that about the time most people realize this they have capitulated to the market euphoria and jumped on-board near the end of the run.
I believe this market still has “legs” but you have a LOT of people in now that may panic and run on a correction wich would exasperate the correction.
I think we are good until the consumers realize that this “tax plan” will take YEARS to actually benefit the working man......if it works at all.
I say “ ride the rocket, but have your exit strategy ready and know how to implement it”
You can’t run to quick, but us older guys can’t afford a 50% correction.

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#48490 - 01/06/18 09:40 AM Re: Warren Buffet talks about RICH folks and Stock Markets [Re: BernieOfCarthageTx]
BernieOfCarthageTx Offline
Angler

Registered: 09/07/14
Posts: 490
The problems with the Stock Markets are that the SUPER RICH
own 90% of the wealth. Thats not going to cut it when the USA
has no way to control its own destiny. You CANT work your way
out of poverty anymore. People are stuck in POOR working class
like never before.

Half the people in America make POVERTY level wages! Once
people see that then it becomes a zero sum game. You will
never get ahead anymore. This Country will someday crash.
_________________________
The Best Lakes in the ArklaTex!
Toledo Bend Pinkston Murvaul
Caddo Cross Just take you pick!

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#48491 - 01/06/18 09:55 AM Re: Warren Buffet talks about RICH folks and Stock Markets [Re: BernieOfCarthageTx]
BernieOfCarthageTx Offline
Angler

Registered: 09/07/14
Posts: 490
The Wall Street liars ALWAYS say that wages will "return" and good jobs
will occur when the Economy rebounds but it NEVER happens!

Thats exactly why so many Millenials are against Capitalism. It does
not provide a level playing field for workers. The RICH have controlled
all the jobs and wages for well over 40 years!
https://www.cbsnews.com/news/americas-job-problem-low-wage-work-is-growing-fastest/
_________________________
The Best Lakes in the ArklaTex!
Toledo Bend Pinkston Murvaul
Caddo Cross Just take you pick!

Top
#48492 - 01/06/18 12:20 PM Re: Warren Buffet talks about RICH folks and Stock Markets [Re: BernieOfCarthageTx]
Capt. Guts Online   content
LFF Captain

Registered: 04/21/11
Posts: 8907

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