Does that really surprise you? The GOP isn't going to pull back on the spending, they just want to control where the spending goes. Instead of dumping billions into the social safety network, they will pump it into the industrial complex. Pick your poison, one way or the other (either party), the mean standard of living is on it's way down in this country. The last 7 years have simply been a tap dance to see who is going to take the hit.
What??? Are you guys nuts?
Haven't you watched the guys that formed this fund since they formed it?
Don't you remember the NAV debacle?
The rat pack of lawyers and financiers that formed this fund are in bed with the SEC. They're college buddies for Christ sake.
The question should be....Is it any wonder that Main street has nothing but disdain for Wallstreet?
It took Robinhood and his merry EPA band exactly 4 years to run BTU from $73 to $6.
It looks like this guy REALLY hates capitalism and the concept of majority rule. Particularly when the majority are the old white guys that lived it and breathed it and built it.
If the last 6 years hasn't been the King Kong of reparations then you haven't been watchin'.
Obama needs to stop spending money on the safety net, the treasury needs to stop printing bonds, the fed needs to stop buying those bonds, we need to chase the private "central bank" out of dodge, and a large number of US citizens need their standard of living lowered significantly, ie under the bus. Stop with the monetary arm twisting of the economy already. Let prices and wages take care of the economic swings just as it was before the "boys" had their Jekyll Island legislative powwow. This mess is out of control.
A 140 years ago bank stockholders were liable for bank losses, the currency was backed by gold, and wages/prices dealt with economic downturns. Monetary policy did not. In other words, no federal reserve bank.
And inflation...my first earned dollar which still hangs on my wall would purchase better than 20 Hershy bars or 4 gallons of gasoline in 1952 or 10 McDonalds hamburgers as late as the mid '60s.
Four years ago the Whitehouse indicated that they were going to trash the dollar to save the economy. Remember?
Deflation my ars!
Don't characterize it as inflation, call it what it is....outright theft.
You sound like a Wallstreet salesman.
"bond market is telling us"
If it is true that the Fed is buying better than 90% of the long end then the bond market isn't telling us a thing. The Fed is telling us that they intend to keep pouring fuel on the fire because inflation is their only way out.
Watch...When this mess is all said and done, maybe 5,10,12 years from now or maybe sooner, the massive pile of IRAs and vested retirement funds will be holding the bulk of the garbage which is now on the FED balance sheet. The "more intelligent" ALREADY realize that bonds are not such a good investment. That is precisely why the less intelligent are going to ultimately end up holding them BEFORE rates rise. The more intelligent don't want to give up the value in their dollars so less intelligent are going to be hoodwinked into giving up their retirements to pay the debt. Don't think so? Just give it time. The next GOP administration will couch the "sale" as stability and safety for retirees. Just watch.