You mean you don't like paying for your neighbors medical care?...or groceries?...or mortgage?
You must have missed the national vote on socialized medical care!
Oh ya, that's right...there wasn't one.
Can one of you Rocket Scientist Wall Street types tell me when the privately held Federal Reserve Bank is going to stop reinvesting the proceeds of it's (really???) maturing long end securities back into the long end?
Is it beginning to look like maybe stopping is not part of the plan?
"but has little control over long-term rates"......remind me just one more time. What percentage of the long end is the fed buying? And who was it that bought up all of the Fanny and Freddy garbage?
And who is it that's rolling all of that garbage over into the long end when it comes due?
And remember the "secret buyer" in the EU buying the long end? Gee, I wonder who that was?
The long end IS what the Fed is trying to control! And so far doing a damn good job of it.