dweimaraner Wrote: 23 minutes ago (8:48 AM)
"you dont understand the markets because our interest rate that we pay investors of US securities actually declined while demand increased. that goes against logical economic theory but it happened."
Hmmm...
...Blowing money that we don't have in order to feed non productive parasites is a good thing...
...Who'd a thunk it?
Downgraded. Again. Citing the most recent round of stimulus, the ratings agency Egan-Jones on Friday gave the U.S. a credit rating of AA-, down from its solid AA rating. Michael Aneiro at Barron’s notes that the downgrade comes three days after Egan-Jones “affirmed its AA rating for the U.S. but warned that further Fed stimulus could trigger a downgrade.” Thanks, Bernanke. The agency writes:
[T]he FED’s QE3 will stoke the stock market and...
You know, I know, we all know.
I would just like to suggest "ECONOMICS IN ONE LESSON" by Henry Hazlit copywrite 1946. That is right, 1946. [google it and you can find/read the whole thing] It explains a lot.
But the libs tell us we can't apply household common sense to economics.
They learned that at the feet of Obama.