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Stock Ideas Investors Daily Edge Your Government is Being Irresponsible, Again
Stock Ideas Investors Daily Edge Your Government is Being Irresponsible, Again 
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Elliott H. Gue The bulls remain firmly in charge as the Dow Jones Industrial Average and S&P 500 stock indexes hit new all-time highs this past week. And with the Nasdaq Composite continuing to provide market leadership, the consensus is higher prices are in store. This is a bull market, and it takes bulls to make a bull market. |
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| Your Government is Being Irresponsible, Again |
| Wednesday, 20 February 2008 | ||||||||
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Dear Reader, Are you looking forward to getting your rebate check from the government? Have you decided how you are going to spend it? The government wants everyone to take these rebate checks and spend them immediately in order to revive the economy. This path would be very careless in my opinion. With the current state of the economy, we are seeing record high home foreclosures, record high credit card delinquencies, and record high auto loan delinquencies. Instead of suggesting that consumers take these rebate checks and pay down debt or invest it, the government is encouraging people to take the money and spend it. I would like to serve as a voice of reason and advice you to take the money and pay down credit. If you don’t have any outstanding debt, take the money and put it in savings or invest it. Over the long run, having people pay down their debt or building their savings will benefit the overall economy more than having them rush out and spend. It is a reckless act by Federal officials to encourage such behavior, but that doesn’t mean you have to listen to them. After all, look at how the Feds manage their money. They shouldn’t be giving anyone advice about how to handle their own money. Good luck and good trading, Rick P.S. To let me know what you thought of today's article, send an e-mail to: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
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