Greed is alive and well! Poor people are leveraging every penny they have chasing after the record breaking gains of the stock market. Call it borrowing against cars, taking bank loans, or putting up entire stock portfolios on margin to garner more and more shares. The borrowing to buy stocks is now estimated at a record 2.78% of GDP a number not seen since the last stock market crash that wiped out 1/2 of all investor assets. Got to love the computer driven "casino gulag" called Wall Street!
Posted on: Tue, 18 Jun 2013 21:32:00 +0000
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