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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (146171)10/15/2014 10:25:13 AM
From: RetiredNow  Read Replies (1) | Respond to of 149317
 
Is the stock bubble bursting hurting your portfolio yet? You see, as I've been saying all along, Keynesian money printing and zero percent interest rates builds nothing but a foundation of shifting sand. Keynesian policies are a two edged sword that cuts both ways. It's cuts the 99% on the way up and it cuts the 99% on the way down. It's nothing but a bubble.

As I've said for the record several times now, I made good money on the way up and sold all my stocks in late June/early July. I'm feeling great in all cash. What's remarkable is that I've maintained all along that this was all so very predictable. When the salesmen sell the snake oil, it always pays to know what you are buying.



To: tejek who wrote (146171)10/15/2014 10:46:48 AM
From: RetiredNow  Read Replies (1) | Respond to of 149317
 
Good Lord, this looks ugly. When do you think Yellen and the famous Keynesian crew will announce QE Infinity? Do you think they'll wait until after the election? If they do, then the GOP takes the Senate and that won't be good for the Keynesian Fed. Yellen is politically savvy, so she may decide to pop the cork on QE Infinity before Nov. 4th to see if she can get her Democratic friends elected. That will give the Keynesians another lease on life to keep printing dollars and keep interest rates at zero to destroy what is left of the savers in this country. This is the best reality show of all time. Keeps me guessing. I really don't know what Yellen will do. But fortunes hang in the balance...just not mine.

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