Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (111631)	5/16/2010 9:00:52 PM
From: Steve Lokness	17 Recommendations Read Replies (2) of 116555

Mish; People have a choice. They did not have to buy houses at absurd prices, and they did not have to invest in the stock market. But the most conservative - the hard working people that didn't gamble away their money are now losing it to inflation as interest rates don't even make up for the declining value of the dollar. How do you justify that? Jon Stewert had this right; the big banks get money from the fed for virtually no interest and then lend it back to the government at a higher rate so the government can give it back to the banks as a bailout. The union mischief pales to the insanity of this craziness. Steve

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