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Pastimes : Home on the range where the buffalo roam
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To: LLCF who wrote (10895)2/27/2001 12:43:27 PM
From: MulhollandDrive  Read Replies (3) of 13572
 
Consider the wealth destruction of the baby boomers as a result of the Fed targeting the stock market.

Consumer confidence at the lowest point in 4 years. Surely there is a correlation to the balance sheet on the retirement accounts.

Bank of Japan has had a zero interest rate policy for years, yet Japanese consumers do not buy. They're still recovering from the crash of the Nikkei.
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