I note that after the Fed stated today that they may revisit the idea of interest hikes the market rallied hundreds of points after a massive sell off.
1. It seems to me that even after years of near zero rates we have a very weak foundation under this economy. The market and the economy (outside of some tech) has mostly rallied on low rates and tax cuts driving earnings. Its a financially engineered economy.
2. So as many said years ago... it was pretty damn stupid to bail out the banks which should have crashed. We should have allowed the creative destruction and put the back stop and money under the people and not the banks.
We have done nothing to clean out the fake.
Nothing changes as the democrats have always been owned and run by Wall Street and now the Republicans are too.
We need to wake up... our wealth is being extracted and we are being turned into a larger debt driven consumer market.
1. It seems to me that even after years of near zero rates we have a very weak foundation under this economy. The market and the economy (outside of some tech) has mostly rallied on low rates and tax cuts driving earnings. Its a financially engineered economy.
2. So as many said years ago... it was pretty damn stupid to bail out the banks which should have crashed. We should have allowed the creative destruction and put the back stop and money under the people and not the banks.
We have done nothing to clean out the fake.
Nothing changes as the democrats have always been owned and run by Wall Street and now the Republicans are too.
We need to wake up... our wealth is being extracted and we are being turned into a larger debt driven consumer market.