So there was a meeting of the FOMC.........
..."to “direct (the) market” – FOMC projections got out of control
and now believe the market will go up. The whole financial market is now “government
controlled” – Price discovery has been reduced close to ZERO – as even
the term-premium (expected rate expectations) is ignored and considered
invalid by Fed and its merry men.
Bottom Line: this man doesn't know what he's doing.
He and the government are continuing to rob your
purchasing power by almost 1 trillion dollars a year.
How long are you all willing to put up with this. It is just another turd in a pile of current Federal crap.
Who put this bunch of incompetents there anyway. It sure wasn't me. If it was you, I hope you're satisfied with your Presidential, economic, and foreign policy results. Thanks but don't do me any more favors.
Thursday, September 19, 2013
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