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Less than 6% is indeed nothing but yet the Fed freaked.
The FED did no such thing.
What "action" did the Fed?
ONE NON-VOTING member spoke his mind about QE.
A couple other members said they would continue to provide support for the economy - meaning keeping interest rates low - which is something they had ALREADY said.
It doesn't mean jack.
The Fed is going to do whatever it has to do to keep rates artificially low. We both have agreed that is a bad thing but yet, that is what they are going to do.
Did you write this with a straight face? LOL......they are the reason for the bubbles. The housing bubble does not happen with the actions by the Fed.
The markets are not supposed to be a guaranteed thing.
And it ISN'T a "guaranteed thing". If it WAS we wouldn't have had the stock market collapse back in 2007-2009.
DUH!!!!
The reason for the housing collapse had little to do with low rates and everything to do with not properly vetting the people getting loans.
There is no such thing as "artificially low" - and there has not been such a thing since the Fed began SETTING rates a century ago. When the rates are set ALL THE TIME (whether they are high OR low), the term "artifical" has no meaning because there is NO SUCH THING as a "natural" rate - and there has not been for roughly a CENTURY.
Utter nonsense.
52 MILLION American workers have 401Ks - with most of that money invested in the market. Tens of millions more have pensions with money invested in the market.
Funny how well over 60 MILLION Americans are "rich".
Ken
So you are arguing that the liberal Reason.com is wrong that Obama's QE Trickle Down favors the rich.
You may have an argument that all of these workers have received benefits that have trickled down.
Yet remember, many people have low 401K balances and these Trickled Down benefits aren't realized yet, just on paper.
Is your logic that everyone with a 401K is rich???
So we can cut it out with the growing inequality meme? And the children going hungry meme? And the 50 Million poor meme?
Also, do you understand the difference between realized gains and paper gains?
How is this not about Obama? Why don't you want him associated with the Trickle Down policies that he supports? Every pick he has made has been a QE Trickle Down supporter - QE Trickle Down didn't start until Obama won in 2008 and met with Bernanke. Then Obama renominated Bernanke and then picked Yellen.
Is your logic that everyone with a 401K is rich???
Based on your comments it sounds like it's your view.
Quote:
So we can cut it out with the growing inequality meme? And the children going hungry meme? And the 50 Million poor meme?
Whatever makes you happy.
Quote:
The top 1% gain 121% of the income gains - thanks Obama Trickle Down!!!
Yes, the more you have, the more you make. 5% out of 1 million is more than 5% out of 1 thousand. When you get over the envy factor, you can work on making the 1% club yourself.
Yes, the more you have, the more you make. When you get over the envy factor, you can work on making the 1% club yourself.
So, Obamabots are wrong to focus on growing inequality - as it has grown under Obama, in part due to his Trickle Down policies?
I am guessing that you don't understand math very well. You do realize that if the top 1% have 121% of the income gains, that means that the bottom 99% have lost income as a whole???
I don't think you understand what you have said yourself. You are too concerned about making partisan comments.
Me: Is your logic that everyone with a 401K is rich???
You: Based on your comments it sounds like it's your view.
Okay, show me where I seem to think everyone with a 401K is rich.
You seem to have no clue what you are talking about (ie 1% having 121% of income gains) and not able to have a coherent conversation. Are you drinking?
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