The truth is people just don’t care so long as their 401ks and IRAs keep generally going up in “value.” The best friend Obama ever had and will ever have is the Fed which recklessly printed and inflated the stock market. Can you imagine where Obama would be today if the Dow was still hanging around 8000 or so? He probably wouldn’t be president, one way or another.
What is Janet Yellen, new Fed chairman, really worried about?
When I really started learning about high frequency trading about 5 years ago my general interest in the stock market as a vehicle for personal wealth creation diminished quite a lot. The 60 Minutes video which is attached will give you an idea why.
It’s not often that I laugh when reading about Treasury bonds. But I did reading this article.
Wouldn’t that be a good way to jump start the economy?
You thought that as an American you were protected by the Constitution and that you could be secure in your “papers and effects.” The 4th Amendment says so.
The Fed’s latest stock market bubble is at risk of blowing up.
Times are hard but they will likely get harder. We’ve covered over gaping cracks in the world economy with fiat money paper mache, but it won’t last. In fact the paper mache is disintegrating right in front of us. What Poland did to its pensioners earlier this year is an example of the underlying instability in the world economic system.
When the man who couldn’t recognize a stock market bubble says this, watch out.
Many people are mystified by the kids at the Ron Paul rallies screaming “End the Fed!”
They ask themselves, “Why should we end the Federal Reserve? The Fed helps maintain economic stability right? Every country has to have a central bank. These “End the Fed” kids are nothing but “Paulbots.” The people on CNBC and Bloomberg tell me that the Fed acts in my best interest. I think the people on Bloomberg and CNBC ought to know what’s right for me and my money. Harry Reid is right. Those hard money people and kids at the Ron Paul speeches are nothing but a bunch of anarchists!”
But the main reason many people feel this way is because they fundamentally don’t understand what the “End the Fed” people are really saying and why they are saying it.