When will the ‘little guy’ realize he will be screwed eventually? So frustrating!
Its not just the little guy; its the entire economy.
Bonds are absolutely essential to economic growth. Without bonds there is little or no investment. What Obama has done is to change the status, through government, coercion, of bondholders from ultra secured to essentially unsecured.
Why would anyone want to buy bonds in the future, knowing their status can be changed at the whim of the president.
Look for money to flow out of bond funds soon. Obama's reckless action will further tank the economy.