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To: Jack Hydrazine
"With the Federal Reserve printing trillions upon trillions of dollars to keep the economic system afloat, many investors and financial pundits have surmised that the fundamental economic problems facing the United States during the crash of 2008 have been resolved."

How were they resolved? Glass-Stegall has not been reinstated so banks can still gamble with customer's money. The "Bernanke Put" is still in effect, Derivatives are still based on nothing but Unicorn Farts and Fairy Dust and the Fed is still printing money faster than the donuts disappear at Rosie O'Donnell's favorite breakfast bar.

Oh yeah and Congress has spent more in the last few years than all the Congresses combined from the 20th Century back to the founding of the country.

The economy is based on nothing but Consumer spending and we have more people without work than anytime in the history of the country.

The bubble will pop. It is just a matter of when and how big the bang will be.

35 posted on 02/23/2015 3:06:49 AM PST by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: Mad Dawgg
Glass-Stegall has not been reinstated so banks can still gamble with customer's money.

You mean by writing mortgages?

the Fed is still printing money faster than the donuts disappear at Rosie O'Donnell's favorite breakfast bar.

QE ended, they're holding their balance sheet steady.

Derivatives are still based on nothing

What are they supposed to be based on?

42 posted on 02/23/2015 6:39:17 AM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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