John wrote:22-Feb-13 World View --
Stock market has 'mini-panic' over Fed QE signal
The Fed's falling inflation expectations
Mainstream economists' failing recovery forecasts
It is rare that I listen to Rush but was on a drive Wed. and it was the only station to come in clear so...
Even Rush was talking about how the "QE" pumping of $85B's per month was the only thing keeping
the stock market going. It is quite the public illusion of "everything is fine" and "just keep your heads down-nothing to see here"
type of mentality this administration has made their platform.
It is a challenge in the classroom to teach Econ students that all is not well. They all start out by saying that the stock market is doing great so how can things be
bad? Then we look at how many of them did not find a summer job, costs of gas, heating, food etc. and it begins to dawn on them that something is amiss.
Then we start to look at the cost of a college education and student loans and consumer debt vs public debt etc. By this time the ones who get it start getting pissed off. Once we look at their future debt obligations and currency valuations and how it will impact their ability to find a "good" job they are either depressed or ready to storm the capital. I feel that this generation of teenagers is going to be the bringer of real change in this country. It may be rebellion or
outright revolution but once this generation figures out how they have been shafted- watch out folks it is not going to be pretty. I would not want to be a banker or politician when this cat gets out of the bag.