LOL Bring the greatest Fed chief back to the helm! Dow 10k. Emergency rate hike to 7% messing everyone up.
We NEED to "take some medicine" on deficit spending, personal "living on credit" and the money pump. If we don't, we'll effectively lose it all.
Some say that raising rates is the only way to get rid of stagflation. I just brought it up here. http://www.elitetrader.com/vb/showthread.php?threadid=114460
The inflation didn't stop raising; 4.1% yoy; yet fed is planning more cut. Is Fed preparing for depression?
Yes, couldn't agree more. It would be good for our society, as well. Just how much crap do people need? If you open your eyes and look around - it is madness. People are meaner, ruder. All this excess is not good. A little humility has a way of bringing folks back to reality.
No, FED is preparing for wealth redistribution. Inflation is the only and proven way to redistribute wealth when tax cuts and other fiscal and monetary policy tools are no longer working. So, get ready for inflation, courtesy FED and remember that poor people do not care about S&P, Dow or resistance and support levels and Fib levels. In a society heavy on personal debt, inflation is the only means of passing wealth from lenders to borrowers. Alex