The most befuddling thing is happening in the global markets. It seems foreign markets are excited about poor job numbers in the U.S. because that may cause the Fed to print more free money.
From CNBC.com Asia Rises on Hopes of More Fed Support
Asian markets were off to a positive start Monday, tracking gains on Wall Street and as weak U.S. job data spurred expectations for further stimulus measures by the Federal Reserve.
I’ve grown really tired of these back door bailouts by the Fed. I don’t entirely understand it, but it seems to me that they’ve been doing plenty of it, and I just don’t see it as a solution that is really helping our economy. I suppose that it may prevent another market crash, but at this point, is it really a good idea to keep it artifically inflated. Especially when the next step is to continue to keep it artificially inflated, and then the next step after that is to keep it artificially inflated some more?
There is something so wrong with what is going on. It’s not a left or right issue; it’s a capitalist gone wild issue. It’s just not going to work. This is not a free market; it’s a manipulated market.