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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (469638)2/3/2012 11:55:47 AM
From: DMaA  Read Replies (1) | Respond to of 794015
 
Why should the Feds "care" about seniors? Their mandate is to maintain a stable currency and full employment.

Seniors benefit from a stable currency as much as any other group and most of them aren't employed by choice.



To: MulhollandDrive who wrote (469638)2/3/2012 12:39:05 PM
From: skinowski  Read Replies (1) | Respond to of 794015
 
The Fed these days seems to be a slave of circumstances which it helped create. The government needs to "borrow" 1.5 Trillion dollars a year, just to keep up with expenses. The Fed MUST create enough money to be able to keep the bond prices high, and rates low. Both the government and the Fed have painted themselves into a corner... from which there may be no exit.


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