H/t reader M.G.:
“How they are white washing rate hikes”
“Suddenly, higher interest rates are a good thing. Rubbish about hiring, the way they twist the numbers is criminal………..
This is what I have been worried about, greedy bankers are going after the higher level of the remaining middle class. These are the folks sitting on multiple properties which they owe more on than they are currently worth……still waiting for that so-called recovery that just isn’t happening.
The FED is a privately held bank, and they serve the greedy, not the nation. They are now digging in their tentacles more deeply. The US has no control of the FED. The worst thing, as my friend who has infinite unknown has said again and again, is the creation of such a monster.“
From the article:
“Continued labor market improvements alongside a pickup in second-half growth …”
And yes, you really can’t make this stuff up!
- RECOVERY: June Full-Time Jobs Plunge By Over Half A Million, Part-Time Jobs Surge By 800K, Most Since 1993
- RECOVERY: People Not In Labor Force Rise To New Record, Participation Rate Remains At 35 Year Lows
- US Unemployment Rate Hits 37.2%
- RECOVERY: The Number Of Working Age Americans Without A Job Has Risen By 27 MILLION Since 2000
- Another Million People Drop Out Of Labor Force – Now An All Time High 92 Million People Are Out Of The Labor Force
- Wall Street Adviser: Actual Unemployment Is 37.2%, ‘Misery Index’ Worst In 40 Years
- Welcome to the Recovery (New York Times, by Timothy Geithner, August 2, 2010)
And as I’ve said before …
‘Recovery’ is the ‘Greatest Depression’
The U.S. will simply not be able to pay for higher interest rates on its debt (and the Fed will sooner or later go back into high gear quantitative easing mode).
Prepare for collapse … and chaos!
- Why things could be about to change for the dollar (CNBC, July 7, 2014):
After a weekend of celebrating America’s birthday, traders could come back to the desks Monday and buy its currency, with the stage set for a U.S. dollar breakout in the second half of the year.
Strategists and traders have been predicting it for months: 2014 was supposed to be the year of the dollar, where the Federal Reserve’s tapering of quantitative easing and an improving economy would boost the greenback’s value against other currencies, where central banks are easing or dealing with economic or geopolitical challenges.
But they’ve been wrong. Continue reading »
Tags: Dollar, Economy, Fed, Federal Reserve, Global News, U.S.