So, why isn’t the Fed’s pulling of levers and pushing of buttons fixing this recession? Because they can’t. This is not solely a monetary problem, this is a much bigger problem. No longer will printing money and cutting rates spur big jumps of economic activity. The economy has been changed at its roots and QE can’t fix that. We’ve never had almost 50 million folks on food stamps. We’ve never had so many on disability. We’ve never been so in debt. We’ve never lost so much manufacturing, we’ve never had more regulations. We’ve never had an entire generation as big as the boomers all facing retirement with no means to retire. We’ve never had a housing market drop so far, and recover so slow. We’ve never had prices so high with wages so stagnant. I can go on and on. theinternationalforecaster/International_Forecaster_Weekly/We__Are_not_saved__yet
Posted on: Mon, 22 Jul 2013 15:37:15 +0000
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