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got to agree with you on that . he is a slave to finding every link he can imagine in his head where he can link some bad news to the fed , the gov't or politicians . whether it is fact or just his opinion does not matter .
Actually, I think you are a slave to a brew of bits and pieces of economic myths and populist propaganda seasoned with some elements of Rightist ideology and general ignorance-based hysteria.
You aren't worried about others, either. You are only worried about you. If you were truly worried about others, you'd be outraged about underfunded pensions that now have to cut benefits rather than blaming the pension funds' mismanagement of zero interest rates since most actively managed pensions funds invest in a combination of investment classes, including equities which you hate and fear, and well-managed funds earn far more than 0% on their investments.
What you want is to park your money, risk free, somewhere and get 5-10% interest on it, even though those high interest rates would mean that inflation was significantly higher. You don't care that high inflation would devastate anybody and everybody on a fixed income, especially the most vulnerable in our society, the aged and the disabled. You don't care that high interest rates would increase the national/state/local debt even more. You don't care that high interest rates would make it impossible for many people to purchase homes or cars, and that would have consequences throughout the economy. You don't care that high interest rates would make it unlikely/impossible for many businesses to expand and create new jobs. You don't care that high interest rates would shrink buying power and curb consumer spending by raising prices on everything. All you care about is that you would get a high rate of return on your savings.
So, before you go yapping about other people looking out for themselves, you need to take a long look in the mirror and realize that what you want to happen will have a lot of negative effects on lots of other people. You aren't any kind of White Knight for the masses. You're just advocating something that you think will benefit you.
Thanks for understanding nothing that I have written. Can we move in now?
Actually, I think you are a slave to a brew of bits and pieces of economic myths and populist propaganda seasoned with some elements of Rightist ideology and general ignorance-based hysteria.
You aren't worried about others, either. You are only worried about you. If you were truly worried about others, you'd be outraged about underfunded pensions that now have to cut benefits rather than blaming the pension funds' mismanagement of zero interest rates since most actively managed pensions funds invest in a combination of investment classes, including equities which you hate and fear, and well-managed funds earn far more than 0% on their investments.
What you want is to park your money, risk free, somewhere and get 5-10% interest on it, even though those high interest rates would mean that inflation was significantly higher. You don't care that high inflation would devastate anybody and everybody on a fixed income, especially the most vulnerable in our society, the aged and the disabled. You don't care that high interest rates would increase the national/state/local debt even more. You don't care that high interest rates would make it impossible for many people to purchase homes or cars, and that would have consequences throughout the economy. You don't care that high interest rates would make it unlikely/impossible for many businesses to expand and create new jobs. You don't care that high interest rates would shrink buying power and curb consumer spending by raising prices on everything. All you care about is that you would get a high rate of return on your savings.
So, before you go yapping about other people looking out for themselves, you need to take a long look in the mirror and realize that what you want to happen will have a lot of negative effects on lots of other people. You aren't any kind of White Knight for the masses. You're just advocating something that you think will benefit you.
looking in the mirror won't help him . he is already blinded to anything beyond the tip of his nose . you can save your arguments , they fall on deaf ears .
I can't decide if it is amusing or sad that some posters keep repeating falsehoods to convince themselves they are correct. Their posts lack logic, so they surely are not convincing anyone else.
The monetary policy of the USA through the Great Recession has always been to find ways to avert the total collapse of our financial system, which in turn would have resulted in catastrophic and existential consequences on the 320 million people who live here.
Such posters, if they had any desire to learn, would do well to read, for example, first hand accounts of the crisis such as:
looking in the mirror won't help him . he is already blinded to anything beyond the tip of his nose . you can save your arguments , they fall on deaf ears .
I keep trying to figure out if certain posters are, as they say in the South, "Special" and hence not really responsible for their incoherent ramblings.
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and hence not really responsible for their incoherent ramblings.