From the article: “The printing press, alas, is not a job creator. If it were, Mexico and Argentina would be the richest countries in the world, and people would be lining up at the U.S. southwest border to get out rather than to get in. “
But, but, all the major averages closed up yesterday and markets all over the world are rallying this morning, according to CNN.
A couple of more increases and I’ll be able to retire.
/sarc
Looks like we’ll have a Republican President, time to to tighten it up.
Here’s my proposition:
The worth of fiat currencies is a hope phenomenon, and the volume of the currencies is not nearly as relevant to their real unit values as the level of hope.
Now it makes no sense on a worldly level that with such horrible mismanagement in the USA as we have had, that there would be actual hope. Oh, it talked “hope and change” but the change was for the worse not the better. Shouldn’t that be torpedoing hope?
Here’s where we might be seeing a “God works in mysterious ways” phenomenon, IF a revival is at our doors. Perhaps the Lord has already announced something to many souls, but the devil has jumped ahead of the parade to try to claim the glory.
Or maybe this might be a wild, utterly wrong guess. But I’ve seen very good spiritual explanations of many things lately. For whatever it’s worth. To God be the glory.
A quarter point is nothing. If that is their showing of the confidence of our markets...we’re in trouble. It was merely a political move to shore up Obamas dismal handling of the economy. There will be no improvement until the question of 100 million idle workers being paid to sit on their collective asses by the American taxpayer in one form or another is answered. Cut off assistance...and things could improve.
No they haven't. Together with their bought and paid for politicians they make fortunes on these wild market swings especially since they can ensure some predictability courtesy of their friends on Capital Hill. This isn't a conspiracy theory. This is the corporate capitalism that has been slowly choking the country and raping the middle class for decades.