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One of the biggest problems I see from my perspective is the unbelievable lack of education among the middle class when it comes to finances and economics. Most people blindly trust what they see on the news, or simply don't think about it at all. We won't have any resolution until we start actually educating people on how markets, finances and economies actually work.
The big question I keep asking is why aren't 2-3 finance courses mandatory curriculum in every high school in the country? Imposing that requirement alone would solve a lot of our problems.
Really? Which economic theories should people be taught? The ones you agree with but not the ones you disagree with, right?
Really? Which economic theories should people be taught? The ones you agree with but not the ones you disagree with, right?
no...simple basic economics. Time value of money. Advantage of building savings when a person is young. Dangers of variable interest rates. How markets work. How a bond is priced. Just basic thing that every person should know to run their lives.
And teaching an economic theory that I disagree with is preferable to not teaching any at all.
If people really knew how the markets work, Bernanke would be on the "most wanted dead or alive" list and they would be targeting the wealthy parasites who live in places like here in Miami.
You think Bernanke doesn't? That's a good joke.
Perhaps the most brilliant political leader alive, the highlight of his week is going to a Nationals game, and people think he should be hunted down. There are no kind words for this.
My apologies for interrupting this meeting of the Bogus Economics Club.
The Fed's balance sheet will grow forever, they are leveraged more than 50:1. Everything they do hurts the productive in the economy. We suffer as the few speculate. What are the best strategies to protect the wealth of the worker/saver/productive investor? Are there things we can to to try and collapse the Fed?
why do you want to collapse the fed do you want to sink into a depression
The Fed will continue to be pressured by the Treasury for low rates... you simply can't carry the current level of US debt without them. Regardless of the Fed chair we will not see a return to old policies.
why are people taking advantage of freedom of the press they keep trying to callapse the country how do these people expect to live during a depression
Seniors have been silent throughout the Bernanke two-step: "printing" money (yes, we all know it's digital), and keeping interest rates next to zero. It's hurting them most, while allowing credit-lovers to rack up bills again.
That depends on which seniors. The one's that live off bonds have seen their interest income decline and the era of capital appreciation has ended on the lower yields. On the other hand propping up those who still own housing has helped their balance sheets. Those that greet you at Walmart have faired even worse. This economy has been a gun to the head for basic wage labor.
HNSQ...I appreciate your veracity, but don't be naive.
QE works to inflate equity prices because you are exchanging a relatively low/no risk asset for a high risk investment--stocks.
And who benefits mostly from a higher stock market? The very wealthy.
Sure, your 401 K goes up as collateral damage from generally higher equity prices, but the people who make the real money are the highly leveraged hedge funds, the corporate insiders who own kazillions of cheap options, and the folks who have hundreds of millions in equities with little risk of a self off as long as QE continues.
And QE will continue as long as the wealthy want it to continue. You might not like it, but Washington dances to the jingle of money. The wealthy provide that money, Washington dances, and voila, you get policy which benefits the very wealthy.
Were it otherwise, the trillions of your tax dollars which have been pumped into the economy would have created job growth and stimulated economic activity. It hasn't happened because, despite Ben's protestations to the contrary, the money has been targeted to increase equity prices, which directly benefit the wealthy way more than the middle and lower class.
"Wall Street" might pretend to wish for stable, free market economic policy. However, the people who run Wall Street don't wish to see anything other than that which we have now, because it benefits them disproportionately.
He basically confirm what he said would lead to starting to taper .People are always trying to out guess what is really said and getting a jump start. Just as they often over react thinking other will over react.
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good after noon
