Bump for later reading
Tolerance is accepting people as they are, not what you hope them to be. It is very rare for people to fundamentally change after age eighteen. Obama’s and Bernacke’s policies are a function of their personalities. They have adopted disastrous programs (borrowing, taxing, spending and printing) because they themselves are disordered. Milton Friedman long ago predicted that when such a political and economic tandem became dominant ( as many knew it would in a decadent declining democracy) first equities would rise in price ( but not true value), inflation would follow, economic contraction and misery. The saddest of all metals, gold,is ironically the best long term investment in the Age of Obama.
This is pure propaganda. Any mention of “Fed Policy” that does not first and foremost note the creation of up to four billion counterfeited dollars every working day that goes straight into the stock and bond market is a willful lie.
For later.
I must admit, I exited the market a year early and missed 18% in additional profit.