ad that to pump prices slamming consumers now, and oil touching $106 a barrel, and one has to ask, what is wall street seeing that main street is not? the money watch, jim, on the disconnect. can you square this? bad news in the headlines, the dow hits 13,000. i sure can. bad news means about news with stocks. the savings rate for consumers is down to recovery lows, food and fuel prices up. that s cutting into corporate profits and for this quarter, corporate profits, if you strip out apple computer, are at 2.9% and expected to be lower next quarter. why is that good news? because it means more stimulus and the market has turned into a junkie when it comes to stimulus. not only is our own federal reserve board stimulating our economy, the european central bank, the europeans all over are stimulating, also in great britain you re seeing stimulus there. you re saying everybody is pumping out the money, flooding the economy with money, both in europe and in america. some of
consumers now, and oil touching $106 a barrel, and one has to ask, what is wall street seeing that main street is not? the money watch, jim, on the disconnect. can you square this? bad news in the headlines, the dow hits 13,000. i sure can. bad news means about news with stocks. the savings rate for consumers is down to recovery lows, food and fuel prices up. that s cutting into corporate profits and for this quarter, corporate profits, if you strip out apple computer, are at 2.9% and expected to be lower next quarter. why is that good news? because it means more stimulus and the market has turned into a junkie when it comes to stimulus. not only is our own federal reserve board stimulating our economy, the european central bank, the europeans all over are stimulating, also in great britain you re seeing stimulus there. you re saying everybody is pumping out the money, flooding the economy with money, both in europe and in america. some of it s going to find its way to wa