Truest and oldest maxims.
As GM goes, so does the economy.
As Apple goes, so does the economy.
And the next new normal, as the FED goes, so does the economy.
Fed has been pumping for what...going on 4 years+?
So where are the jobs?
8 million LESS jobs in the US than 4 years ago.
In interest rates are artificially kept at zero. The Fed keeps compressing the spring. One of these days it is going to blow inflation sky high. Yet that $85 BILLION Fed is pumping into the Treasury is doing zilch. It is better to pump that money to entrepreneurs, not the government who spends the money for non-productive items.
Jobs are stagnant, GDP growth is stagnant, manufacturing is stagnant, personal income is stagnant. The only thing Fed is stimulating is the stock market and manufacturing in China.