President Barack Obama Message Board

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Politics : President Barack Obama

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To: RetiredNow who wrote (104315)	11/27/2011 2:49:49 PM
From: tejek	Read Replies (1) of 149317

The Free Market will have its way regardless of the kick the can down the road games that anyone plays. It's pretty simple really. You've worked hard all your life. Would you invest in European bonds right now? I wouldn't for a very simple reason. The Europeans are fiscally inept. That's why spreads are increasing. And deservedly so. I don't even own any Treasuries, because the US gov't is also fiscally inept. The only thing holding the prices of our bonds high is the truly massive purchases of Treasuries by the Fed. That will lead indirectly to massive inflation. The free market, the free market, the free market.........UGH! There is no such thing. There has never been a free market. Every market is restricted in some way. Its an illusive dream that conservatives pine over and use as a hammer to keep the rest of us in line. The free market be damned!

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