Stocks market rises to record high after Bernanke says Fed is in no rush to curtail stimulus

  • Article by: STEVE ROTHWELL , AP Markets Writer
  • Updated: July 11, 2013 - 5:45 PM

NEW YORK — Call it the Bernanke Boost.

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boozlesJul. 11, 1310:29 AM

The sooner the "Job Creators®" stop sending good paying jobs overseas for cheap labor the sooner the economy will flourish again. The only way to get the economy running while backing off stimulus from the Fed is to get people working again, its the Job Creators® best investment because when regular people have money in their pocket they spend it in the economy. When the .01% stops investing in its workforce here in America it gets tucked away in a offshore bank account in Grand Cayman never seeing the light of day and it does nothing to stimulate the economy.

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theagonybhoJul. 11, 1310:29 AM

That lets you know how weak the economy must be despite what the the media is telling us.

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boozlesJul. 11, 1310:49 AM

So Teapublicans hate the Fed stimulating the economy but they also hate having the Job Creators® being called out for not doing there part, they promised they would create jobs if we gave them tax-breaks, it never happened and they never fulfilled their end of the deal. So Teapublicans supply-side economics (Trickle-down theory) is a hoax. A series if raising inflation and taxing the 0.1% at a higher rate should do the trick.

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jd55604Jul. 11, 1311:54 AM

boozles, capital gains taxes in the U.S. are near their historic highs. What tax breaks are you referring to and what promises did the job creators you speak of make to the people?

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sek2undrstndJul. 11, 1312:03 PM

The higher the stock market goes with this artificial support, the steeper the decline when the correction happens. We saw just a taste of that situation when Mr. Bernanke first mentioned the idea of scaling back the bond buying.

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dlzabzJul. 11, 13 1:01 PM

I haven't seen a pullback in the 10yr treasury and the mortgage rates are virtually unchanged, actually they went up slightly after his announcement only to come back down to flat. Jobless claims also rose today but that story got burried by the strib

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boozlesJul. 11, 13 2:59 PM

@ jd55604 You are dead wrong. Capital gains taxes are at 15% currently. Between 1954-1967 they were 25%. Your argument that capital tax rates being at near historical highs is wrong. Our economy flourished when the rate was 25% in the 50's and 60's.

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dlzabzJul. 11, 13 3:24 PM

"Capital gains taxes are at 15% currently."...it is 20% if you are in the 39.6% category also there is a 3.8% Medicare surcharge so it is not 15%. Top rate would be 23.8% or very close to 25%.

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stolaf80Jul. 11, 13 4:13 PM

This shows how fragile the economy is. Media reports highlighting positive economic news does not make the bad economic news any less real. We have an abysmal labor participation rate. The money we're printing amounts to a stealth tax on Americans. Jobs go overseas for lower net costs of labor and predictable expense and tax treatment. No one knows exactly how Obamacare will be implemented or exactly what it will cost the country. We are saddled with an administration of amateurs.

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Wally_99Jul. 11, 13 6:17 PM

When this printing of fiat currency ceases, can you imagine the carnage? Stock market, bond market, housing market, commodities. All crashing. There will be no place left to run with your investments, except what you can carry on your person. The Fed, regrettably, is just staving off the inevitable.

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