Nearly the entire playbook of the fed reserve is to try and spread the word that confidence is returning to consumers and small businesses.
Recent evidence and events clearly indicate this is a bald faced lie.
Hell, even the fed's Yellen is parroting the confidence line tonight, even as the consumer confidence surveys the world over are falling yet again.
The fed has nothing left but a sad shell game that's already been exposed. They have no desire for a scintilla of credibility, apparently, as there statements contradict even the government's own data/surveys.
I've never seen such a transparent scam attempted by the federal reserve before.
They even have Shiller, whom I respect (maybe for not much longer), saying that he sees a positive sign in the deceleration in housing valuation drops, on a day when it was reported U.S. houses dropped 18.1% in value, and the biggest drop for the same time frame in history is 19%.
The jig is up.
Recent evidence and events clearly indicate this is a bald faced lie.
Hell, even the fed's Yellen is parroting the confidence line tonight, even as the consumer confidence surveys the world over are falling yet again.
The fed has nothing left but a sad shell game that's already been exposed. They have no desire for a scintilla of credibility, apparently, as there statements contradict even the government's own data/surveys.
I've never seen such a transparent scam attempted by the federal reserve before.
They even have Shiller, whom I respect (maybe for not much longer), saying that he sees a positive sign in the deceleration in housing valuation drops, on a day when it was reported U.S. houses dropped 18.1% in value, and the biggest drop for the same time frame in history is 19%.
The jig is up.
) would try to punch up the market?