And yet, most American households are seeing year-over-year declines in income and over half of Americans own no stocks at all, not even a mutual fund. The hot stock and real estate markets are artifacts of the Fed injecting scandalous amounts of created liquidity into the banking sector. Clearly we learned nothing from the easy money policies of Alan Greenspan and have let the Fed blow up another bubble that looks to be on the verge of popping.
Posted on: Mon, 18 Nov 2013 15:28:40 +0000