The Fed did have something to do with it and he blames the last 8 years but does not elaborate on what happened. Ok Ron say we raise the interest rates, then the whole world squeals like greased pigs because housing starts are down. I can remember after 9/11 happened every month was geared upon what the Fed would do that quarter. Wall Street was like lazy lap dogs and would move the market based upon the Fed rates. Meantime as the rates lowered oh so low, two things happened, one we de-valued the dollar and second we opened ourselves up for loans to anyone (I think Ron alluded to this in the video). Not to mention the push by Fanny Mae and Freddy Mac to give loans to anyone that wanted them. That in a nut shell is how we got here.
What Ron is not mentioning is the down side to dumping this money on the market and that is inflation or possibly in our case Stagflation from the 70's, where the market does not grow but prices are up. In a nutshell we are screwed. The answer is not rocket science but I think the powers to be could care less and are pushing us further into socialism.
Basically he is saying the same thing...
P
PatBrown
(view)
The Fed did have something to do with it and he blames the last 8 years but does not elaborate on what happened. Ok Ron say we raise the interest rates, then the whole world squeals like greased pigs because housing starts are down. I can remember after 9/11 happened every month was geared upon what the Fed would do that quarter. Wall Street was like lazy lap dogs and would move the market based upon the Fed rates. Meantime as the rates lowered oh so low, two things happened, one we de-valued the dollar and second we opened ourselves up for loans to anyone (I think Ron alluded to this in the video). Not to mention the push by Fanny Mae and Freddy Mac to give loans to anyone that wanted them. That in a nut shell is how we got here.
What Ron is not mentioning is the down side to dumping this money on the market and that is inflation or possibly in our case Stagflation from the 70's, where the market does not grow but prices are up. In a nutshell we are screwed. The answer is not rocket science but I think the powers to be could care less and are pushing us further into socialism.
What Ron is not mentioning is the down side to dumping this money on the market and that is inflation or possibly in our case Stagflation from the 70's, where the market does not grow but prices are up. In a nutshell we are screwed. The answer is not rocket science but I think the powers to be could care less and are pushing us further into socialism.
