Tuesday, March 5, 2013

Dow Jones Hits a Record High! USA?

Dow Jones Hits Record High

Days like today are sobering, depressing and exhilarating, all at the same time. Professionally today is sobering, because there is a sense of calm and a feeling that there is a light at the end of the tunnel. Things are picking up! Things are much better! The market is doing well, and I do believe that things are better today than they were in 2008 and 2009. That's exhilarating  However, depression sets in, because the Dow Jones hitting a record high cannot be directly attributed to the United States. 

The Washington Post:

The Dow has never been higher.

The Dow Jones industrial average jumped nearly 100 points early Tuesday, reaching an all-time high, powered by China’s strong economic growth targets and a jump in European retail sales.

Shortly after the opening bell the Dow was trading at 14,222. It’s on track to close above its record of 14,164 reached on Oct. 9, 2007. It’s up 7.8 percent for the year.
The Standard & Poor’s index rose 11 points to 1,536. It’s also within striking distance of its own record of 1,565.
The Nasdaq was up 30 points at 3,212.
Asian markets rose as China pledged to stick to ambitious growth targets for its economy, the world’s second largest.
European stocks also jumped because of retail sales in the region rose sharply.

China and Europe! I'm not versed in the economics of China, and I am well aware that they've been cheating on currency and trade for quite sometime. However, something must be said of the attitude they've taken  - to grow their economy by any means necessary. Why can't we take this approach and apply it in our own "American Diplomatic Way?" I know why, because we've stuck to the bullshit tried and failed economic policy, that says that rich people create jobs. Oh and if you are not rich, it's because you haven't worked hard enough!

"We the People" are also to blame, because we've failed to understand the truth on our own issues at home. Here is a reminder.......

Until I read:

"Dow hits an all-time high, powered by the United States strong economic growth targets and a jump in manufacturing and  retail sales."

I can't get excited. I'll continue feel that we are making progress, but look to see more, and a change in our thoughts and economic policies as a nation. 

Your thoughts........

1. Are you excited that the DOW JONES reached an all-time high today?
2.  Are there lessons to be learned from China on their approach to economic growth?
3. From the video..where did your thoughts fall, the Ideal, the Think, or the Actual?
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