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Politics : President Barack Obama
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To: DuckTapeSunroof who wrote (144125)7/10/2014 7:54:12 AM
From: RetiredNow  Read Replies (1) of 149317
 
Agreed, but the epicenter of those bad things is usually found where the root of monetary excess begins. Money has always been the first and best corruptor of all things good. It's an old reliable in that regard. Our Fed literally embodies the greatest pusher of monetary excess in the history of the world. Don't believe me? Please find me in your history books one other instance in all of human existence any institution that has managed to create $4.4 trillion out of thin air in such a short period of time? If that is not the very definition of monetary excess, I don't know what is. The probability of this NOT ending badly is so slim as to be negligible. You and I are Six Sigma people, evidently. Then this will resonate with you. What the Fed has done is driven the economic process Out of the Control Limits. We're experiencing something akin to a Six Sigma event. Either the Fed decides to reign things in or forces beyond their control does it for them, and a reversion to some new state of equilibrium will ensue. Almost always, the volatility associated with that reversion in economies wipes out a lot of participants who are unprepared for it.

I would say the unprepared in the US include most of the folks on this thread, who believe so whole heartedly that Obama and the Fed have found the magic pill that has permanently repealed recessions. Might as well include the 99% in that set of unprepared people, because the 99% have been so thoroughly destroyed that they simply don't have the resources to even get prepared. I'll survive, though, because I have been a recipient of this ridiculously deluded government's largesse through the stock and bond markets and I know that it can never be sustainable.

All things in life consist of oscillating processes that cycle from control to out of control and revert back to equilibrium. Seen in that light, our economy and our stock and bond markets are no different and never will be.
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