Actually, the Fed's massive stimulus helped the middle class and poor more than the rich

Please. Why not give that money straight to the middle class then? They can write a check of thousands to each middle class person can't they?
 
Just read the article. The "logic" used to get to the conclusion is hilarious. Numbers arbitrarily picked out of the air, random estimates, a complete lack of understanding in how the unemployment rate is calculated, etc.
 
haha helped the poor and the middle class more than the rich??? HAHAHAHA

right, yep, keep thinking that, There has never been more millionaires and billionaires than any other time in history....the fed has only created even more wealthy individuals than ever before with their worthless money printing scheme, between every asset bubble thats out there how can you not notice that these fed bubbles only help the rich and the wealthy, most of the rich and wealthy get their income in stock dividends and increase in stock market gains...

oh and check this out, the wealthy are now flipping penthouses for tens of millions of dollars, now say again, the fed helped out who???

Flipping PENTHOUSES, this wouldn't have come true if it weren't for the cheap zero worthless interest rates on top of the cheap worthless trillions the fed has pumped into this worthless economy...

The strong rebound in house flipping has reached a new extreme: penthouse flipping.

In the latest sign of froth in the high-end home market, Manhattan penthouses are being offered for millions more than they sold for just a year or two ago. While brokers say the rise of penthouse flipping is a sign of strength in the market, with tight supply and strong demand from rich overseas buyers, others say it signals excessive expectations for the luxury home market.


http://www.cnbc.com/id/102730389
 
Gringo said:
Please. Why not give that money straight to the middle class then? They can write a check of thousands to each middle class person can't they?
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that's what they should have done...bailed out everybody that was in forclosure. The banks would have eventually been bailed out when the money tricked up to them from the bailed out homeowners.
 
Check out the number of Bentleys and Rolls Royces listed under the Fed's "Luxury Autos Wanted" listing at the NY Fed's website, www.ny.frb.org. Staggering number in demand. Shameful, just shameful!
 
piezoe said:
Check out the number of Bentleys and Rolls Royces listed under the Fed's "Luxury Autos Wanted" listing at the NY Fed's website, www.ny.frb.org. Staggering number in demand. Shameful, just shameful!
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they buy them on credit when they have artificially engineered the rates to be low, then they will sell them to Joe the Plumber and arrange the loan at a much higher rate for their cronies at the bank, and that is why when rates hit 6% common ordinary mothers will be picking up their kids at soccer in Bentleys. Now that is shameful!
 
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