There has always been a revolving door between Wall Street and The Federal Reserve. Not a big deal in the past because we all know that elected officials in government are not that smart when it comes to finance. If you ever watched the Senate hearings during the financial crisis or any other hearings concerning Wall Street you can easily see that they are completely ignorant on financial matters. It's almost comical. This makes them lemmings. The QE project has now made them prisoners. They have not raised rates since 2004! They can't. Someone should have bought them a calculator many years ago. It's simple math. After all the bonds they have bought since this "Experiment" began, any increase in interest payments would have a devastating effect on our national budget. Now all central bankers on a global basis have joined the party. The only thing they know is QE makes your stock market go up. It makes those that own stocks richer and everybody knows that those that own stocks contribute the most to helping them get re-elected. A no-brainer. If Wall Street doesn't like what you are saying? No problem, send stocks down 5% and they get scared. Prisoners indeed! The book "A Random Walk Down Wall Street" is out. Nothing that happened the last 3 years is random. The markets are broken. Put all your savings into the stock market and trust that Wall Street and The Federal Reserve will take good care of you. Forget about CD's. God Bless Wall Street and The Fed.
BTW... What percent of the American population own stocks? What percent of Americans are benefiting from " The trickle-down theory"? What percent of corporate profits, jobs, and cash are held outside of the USA?
The American people are indebted to you - literally!
CNBC just said it will take $&2.5 million dollars for you to retire comfortably - we all got that covered.....right?
