Ordinary Main Street savers, who normally are seeking havens for their funds, have been cheated by Federal Reserve policies over the past few years.
Investors see how little they can earn on their money, if risk avoidance is their concern. It’s the Fed that’s primarily responsible.
And the Fed will continue with the mistaken notion and policy which, in effect, is inflating the currency while attempting to stimulate the economy. It will not work before complete financial disaster.
A debacle is inevitable because such Fed policy also scares business folks and deters lenders from normal activities that foster the economy the Fed overlooks with its monetary maneuvers.
(See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)
No comments:
Post a Comment