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Now if we could only teach economists how to get it right.
Save for the sell-outs, the professionals will typically play a good round out there. You can see their scorecards in academic and professional papers and journals. It's really just all these think-tank wannabes and no-talent weekend duffers who hack things up. Some of the more binary types are still stuck in the Phillips Curve sandtrap for instance.
The dollar and interest rates will finally go higher, and banks will lend the money
they stole from the people. That's how it happened. They stole the money
from the government and the people over the last 8 years, now they will
"lend" the money back to the people at interest.
stole ? you mean like mortgages that were at ridiculously low levels ? auto loans at zero % and credit cards at zero percent ? goods and services we use at prices that reflect the lower costs of money in them ? i made out like a bandit . if that is stealing , i say steal away .
considering 1/2 of america has no savings and those who do , if they are smart are diversified who got robbed ?
if anyone got robbed it is millions of retirees who just saw their bond portfolio's take an incredible hit by the rising bond rates the last 3 months .
The dollar and interest rates will finally go higher, and banks will lend the money
they stole from the people. That's how it happened. They stole the money
from the government and the people over the last 8 years, now they will
"lend" the money back to the people at interest.
Some people see banks as "they", like "they stole". I have heard the same about the Drug companies. "They" charge too much. Well, if you think they are making money hand over fist, there is a solution. Buy financial or pharm stocks and benefit from all those excess profits.
exactly . don't complain , benefit from it .learn to play the cards you are dealt . complaining about the dealer does nothing .
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