Joe Heller by Joe Heller

Joe Heller

Comments (13) (Please sign in to comment)

  1. mickey1339

    mickey1339 GoComics PRO Member said, almost 2 years ago

    It would be nice if the markets reflected the health of the economy but the stock exchange is being fueled by the Fed’s “easy money” policy. Brokers can borrow money at almost 0 % interest, buy short term securities, derivatives, and other financial instruments, make 2 to 5 percent profit, sell them and repay the Fed. Add to that the Fed is buying back 75% of the treasuries they issue to pump money into the economy and the markets are just gushing cash.
    Bernake keeps assuring congress that this isn’t an inflationary policy and if the markets are healthy and thriving it will keep interest rates low and stimulate housing and supposedly hiring. Unfortunately it isn’t doing much for unemployment and borrowing by small business is still restricted.

  2. disgustedtaxpayer

    disgustedtaxpayer said, almost 2 years ago

    Amen.
    I use daily closings of the DOW Industrials to track the “economic health” of the USA….but I have suspected that this recent “rise” might be a “bubble” of inflated value due to the pumping of “new money” at $85 Billion a month….and today I find several articles saying just that!
    -
    USA TODAY’s 3/4 editorial and NYT’s 3/5 article “As Fears Recede, Dow Industrials Hit a Milestone”…and CNN Money had charts on Sunday or Monday showing the 2007 HIGH, just before the Recession hit…! Not a good omen, IMO.
    -
    Also IMO it is dishonest to print “dollars” without solid metal (gold, silver) backing….isn’t it only the “bubble” of fools accepting worhless paper on the connivance of spendthrift governments? Bailing out failed businesses just because they are “too big to fail” is not honest, either. Our “economy” is pure deception due to the Fed and silly presidents who get talked into actions that are unwise, IMO.

  3. Kylie2112

    Kylie2112 said, almost 2 years ago

    @disgustedtaxpayer

    Precious metals are no more valuable than what people say they are worth, too. Gold, silver, platinum, and diamonds are all excellent industrial materials, but are so expensive because they’re shiny.

  4. edinbaltimore

    edinbaltimore GoComics PRO Member said, almost 2 years ago

    I believe it was Nixon who “officially” took us off the gold standard, even though we haven’t been tethered to it for a while. William Jennings Bryan ran on the “Gold Standard” and got beat, twice.

  5. NebulousRikulau

    NebulousRikulau GoComics PRO Member said, almost 2 years ago

    Gold hasn’t really increased its value in several thousand years.
    In ancient Rome, an ounce of gold would get you a really nice toga.
    Today, an ounce of gold will get you a really nice suit.

  6. Rockngolfer

    Rockngolfer said, almost 2 years ago

    The stock market does’t take inflation into account, but the current rise is still impressive.

  7. edinbaltimore

    edinbaltimore GoComics PRO Member said, almost 2 years ago

    King: Best post I’ve read in quite a while. I’ll be laughing all morning!

  8. edinbaltimore

    edinbaltimore GoComics PRO Member said, almost 2 years ago

    Unfortunately, our governor has decided to give us an income tax break by expanding sales taxes to services, and prohibit municipalities, (which have been hard hit by his previous tax changes) from adding to their tax base by freezing total sales tax percentages. When he gets done, the next governor will have a Bush-size mess to clean up, because the state may do well, but the cities will be desperate to just keep up with inflation.

  9. masterskrain

    masterskrain GoComics PRO Member said, almost 2 years ago

    @Mr. King

    Your Individual Results May Vary!
    Mileage figures are an Estimate!
    Objects in Mirror Are Closer Then They Appear!
    No User Serviceable Parts Inside!
    Void where Prohibited By Law!
    Contest Void in Rhode Island!

  10. disgustedtaxpayer

    disgustedtaxpayer said, almost 2 years ago

    JFK was the president that cut the paper dollar free from gold.The government artificially kept the price of 1 ounce of gold at $35 for a long time. When freed, it rose and is now over $1575 an ounce….showing the worthlessness of the paper dollar….value of both is shown by the gap in prices….
    -
    @neocon….the DOW is inflated by the “independent” Federal Reserve..which has been pouring $85 Billion each and every month into bonds….and doesn’t plan to stop!…. Monday the Fed Vice Chair Janet Yellen said the Fed must continue it aggressive purchasing of bonds “to stimulate the US economy and spur employment”…“since Feb. the Fed has more than tripled the size of its portfolio of assets to $2.861 Trillion….”The Fed is slated to continue until unemployment drops from the current 7.9% to 6.5%."
    (from Reuters, Wall St. Journal, and Washington Post sources in www.breitbart.com article by Wnton Hall 3/5/13)

  11. dtroutma

    dtroutma GoComics PRO Member said, almost 2 years ago

    Tigger: yes, it was "W"’s actions on intelligence that “got” bin Laden: safely across the border, and hiding in plain site in Pakistan! (for seven years)

  12. braindead08

    braindead08 GoComics PRO Member said, almost 2 years ago

    @edinbaltimore

    ‘I believe it was Nixon who “officially” took us off the gold standard, even though we haven’t been tethered to it for a while. William Jennings Bryan ran on the “Gold Standard” and got beat, twice.’
    -
    Ed, right about Nixon, but I believe Bryan ran against the gold standard.

  13. edinbaltimore

    edinbaltimore GoComics PRO Member said, almost 2 years ago

    Braindead: Thank you. As I said, Nixon “officially” cut us free. FDR confiscated gold to bolster the dollar, but never cut us free. As to W J Bryan, I was trying to remember an old cartoon from my elementary school history book, and probably got it wrong. And to Benghazi: a Presidential order wouldn’t have mattered, as the new government in Libya had placed a ban on contractors, which our illustrious State Department had been using for years instead of Marine Guards. And up until the day of the attack, there was no indication, to our ever vigilant spy services, that there was an attack planned. And Ambassador Stevens appears to have been against a heavier presence to show we were not attempting to be the big influence that got us in trouble in the Middle East to start!

  14. Refresh Comments.