Trying to be optimistic, hoping against a double-dip recession.
But signs are not real good right now.
Ha! The Fed is lending money to the gub'ment and the Gub'ment is handing that money to the Banksters, and the taxpayers have to pay it back. The flow of money is like the water cyle but the Banksters built a dam up stream from you. They hoard all the water. Good for them, not so good for you. The fed came right out and said this will continue through 2013 at least.
Dislike certain aspects of the TEA party all you want, but they did stand up and prevent the Gub'ment from borrowing another 4 trilion to give the banks. The economy will improve immensely, right after the Federal Government finds the political will to nationalize the six largest banks.
Righteo. I just love this gift from Bernancke, rock bottom interest rates. Oddly enough, these low rates don't benefit me one whit. I do not qualify me to refinance my mortgage (but my bank seems to think I can/should continue paying at my existing rate for a house that's worth maybe 2/3 what we paid for it and the unemployment rate where I live is well over 10%. Yeah. THAT makes sense).
Nor do I see my credit card companies lowering their APRs in relation to the prime.
So if anyone has any doubts as to how Joe and Josephine Q. Public are faring in this economy.... well, it's pretty obvious.
There was actually talk today that the TBTF's are zombies,bank stocks aren't doing well either.We should have let them fail,after all that's how the free market works,isn't it?
I used to be optimistic, but it's hard to stay that way when things are getting worse literally every day.
I know it's hard but try to buy American made products,the more non-corporate the better and use mom and pop stores if you can.We have to get ourselves out of this because no one else will.
The terrible economy has forced many to re examine their spending habits and opinions about money...it's done some good .but I know there are many suffering and the big businesses don't seem to notice..
life IS unfair..
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by Gary Anderson6 years ago
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