If you haven't noticed many of the 'talking heads' proclaiming the economy is on the move to better times, and it has nothing to do with the fed chair buying $85 to $100 billion dollars worth of bonds every month, look again.If you haven't noticed that the market took a huge hit when the fed chair just hinted he might pull back on the buying program, you should not be any where near a broker or be listening to the people that are so much smarter then most of us saying 'it's good to spend, manufacture, money we don't have to save the economy'.
If the fed chair said he will stop buying by the end of next month, what do you think would happen to the stock market? A 1000 point drop? 1500 point drop? Now I'm not the sharpest knife in the drawer for sure, but even I could see this would come to no good long before the fed started this latest buying spree. Many of us knew the QE1 and 2 would be of little or no use, let alone the $852 billion spent on Stimulus. Has anyone noticed the U6 unemployment rate has increased every year since 2009?
I'm extremely frustrated these days as I struggle with this situation of our leaders throwing bad money after bad money on spending programs that don't fix the problem. These people see that it doesn't work but yet they continue to double down.
Is this the politics of destruction and fundamental change? You can't shock this up to ignorance alone.
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