Originally Posted by
Mesabah
The fact that some people are allowed to borrow at the discount window at 0%, and then immediately park that money in governments bonds is what makes this a criminal government. Only those people are better off this year, than in 2008.
Or the fact fed basically creates money out of thin air and buys our own debt (that otherwise would not be purchased because of low returns). Makes you wonder what the "real" debt number is. Heck, I could certainly create a false economy from that alone.
I certainly do not get excited about the present value of my 401k, or use it as a barometer of the economy, since it is more or less being propped up by Monopoly money.
I guess I am getting old as I have seen this game before. Remember the end of the 90's and the inflated run up due to the tech boom. Anyone remember "web van"?