Tuesday, December 31, 2013

Tuesday December 31, 2013...Last day of this year

For those of you who have lost their jobs or lost their homes or lost their food stamps or lost their unemployment you will be glad to know:

Fueled by the Fed's easy money policies and an improving economy, U.S. stocks are poised to close their best year since 1995. Prior to the final day of trading for 2013, the Dow was up 29% when dividends are included and the S&P 500 32%.
Private-equity firms are set to return over $120B to their investors for this year, surpassing the 2012 record of $115B, Cambridge Associates estimates. The P-E sector has been assisted by low interest rates, which have helped P-E backed companies sell $66.2B worth of debt in 2013 to fund dividends to their owners, up from $64.2B a year earlier.

The rich DO get richer while the poor get poorer. The inequality of our system is showing quite well.

Now all you have to do is survive until it trickles down. But, don't hold your breath!

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