Real Economy Still Needs Help.....Stock Market Breaking Records......
Yesterday the Fed Secretary Janet Yellen went to Congress to testify the economy is still in trouble, and more government welfare will be needed to prop it up.
There are still no jobs. Wages are still going nowhere. So interest rates will remain at 0% (where they have been for 6 straight years). Plus the government is still buying $35,000,000,000.00 a month in bonds.
Today the stock market AGAIN broke its ALL TIME HIGH. Never in history has the stock market been as high as it is right now.
So if the economy needs all this help (when the stock market is at record highs) than when exactly will the economy not need government help?
If all this government help hasn’t created any jobs in 6 years (but the stock market is through the roof) I would say something is not right.
Janet Yellen should really give me a call so I can explain to her what the real problem is. Clearly she isn’t figuring it out on her own.
posted by res17 at
July 16, 2014
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