Minnesota stocks gaining ground

  • Article by: NEAL ST. ANTHONY and PATRICK KENNEDY , Star Tribune
  • Updated: September 16, 2012 - 12:50 PM

Most Minnesota stocks are moving in the right direction, and the Fed's action is an added boost.

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rickbmnSep. 17, 12 8:18 AM

The market is increasing because of the Fed's newest (and oldest)trick: More quantitative easing under a different name. The market goes up because the brokers know this money created from nothing will go to them. The market is NOT going up because businesses are prospering, Not going up because earnings are increasing. Just another bubble waiting to pop. But the next "pop" will be closer to an explosion, so do your celebration dance quickly and quietly.

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choochoo12Sep. 17, 12 1:19 PM

The stock market shoots up EVERY time the Federal Reserve announces that it is PRINTING MONEY to buy bonds to drive down interest rates. It's an artificial BUBBLE. Eventually that bubble WILL deflate. The Federal Reserve's power to undo the DAMAGE created by Obama and the Democrats and their massive budget deficits and constant demands for tax increases is very limited. The TRUTH is that American companies are creating MORE JOBS OVERSEAS than in America and the main reason is taxes, not labor costs. It costs a lot more money to manage far-flung operations than it does to manage something at corporate headquarters. But the tax advantages to moving outside the USA are huge. In fact, back in 2010 it was reported that American corporations had $2 TRILLION in profits sitting overseas outside the greedy hands of the Democratic Party. That figure is probably closer to $3 trillion by now. Those overseas profits comprise part of the value of stocks, and if that money is brought to the USA and the statutory 35% corporate tax is paid on it, nearly a trillion in stock market value would VANISH as a result. So we have incompetent fools stealing money from people who work to earn it so it can be given to people who didn't work for it, and borrowing from future generations as well, and in the meantime TRILLIONS of dollars are sitting INVESTED OVERSEAS instead of in America because the Democratic Party will not let people keep what they earn. The Federal Reserve has to PRINT money to combat all this Democrat stupidity in an attempt to CREATE JOBS which will FAIL just like it has failed all during the Obama presidency.

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