Quote:
Originally Posted by RainMaker
39 million people are out of work. Wouldn't consider that a stable economy. But some rich people stay rich because the Fed is in the ETF biz now.
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Definitely Great Depression unemployment nos. Nevertheless the economy is not in a Great Depression ... yet, and let's have the Fed focus on *that* priority first. Everything else should be secondary to the Fed until a later time.
In the initial stages of the GR, there was great uncertainty about how much worse it could get, what other big companies could fail, would credit freeze up etc. There was a lot of criticism of the Fed & Treasury back then. They both worked together and got us out of it, and set the foundation for 10 years of nice growth.
Re: the inequities that exist, the politicians deserve more of your blame than the Fed.