Not bad. The economy must be just killing it! No? Well…Then why is the market ripping and roaring? You say they’re handing out free chips at the Fed window and the cards are stacked for the players? Oh excellent. That seems like a good way to run an economy. Pass me a martini.
Vive le France? Well, one of the reasons there is less “vive” in France these days is because of asinine policies such as the one imposed by France’s current Socialist government which is highlighted below.
Money flowing makes people forget. The fear of “missing out” makes people forget. Banks with cheap money buying up real estate assets left and right makes people forget. The housing bubble created by too much cheap money and the ugly bust afterward just a few years ago? Ancient history. And it is ancient history for the banks which were recapitalized by the taxpayer and are now feeling pretty good about themselves as they buy up entire neighborhoods. (The houses formerly owned by taxpayers.)
For all the talk of “gifts” being handed out to students in the 2012 election, it looks like most of the giving is coming from the students to the government. When the Feds get money for nothing and then charge students 3,4% (soon to be 6.8%) on college debt that’s a good revenue recipe.
Why are they so worried? It’s not like anyone would ignore the law.
I mean it’s not like freedom of speech is the law, or the right to bear arms, or freedom from unreasonable search and seizure, or due process, or equal protection, or the War Powers Act is the law. Wait…
Those things ARE the law and the Obama administration has chosen ignore them. Well, what’s good for Prez is good for the people I suppose. Maybe people should consider again just nullifying Obamacare.
It is our right under the law. We as a people can just say, “Go stick it in your ear.”
The end of this thing is going to be nasty. The bust of the current Fed induced delusion will likely be more impactful for many people alive today than the 2008 Crash or the September 11th 2001 attacks. Bill Gross, probably the biggest bond trader in the world sees storm clouds. Gross says that it may not be as bad as 2008, but I’ll bet that in his heart of heart he thinks things will be worse.
You can say one thing for the gangsters who ran the gambling halls and gin joints in Chicago in the 1920s. They never forced an entire neighborhood out of their homes. Today’s Chicagoland government has no such qualms however.