- Joined
- Aug 9, 2010
- Location
- Coral Springs, Florida
The news of the Fed plan to buy more treasuries and pump additional liquidity into the markets was initially met with a cheer on Wall Street as stocks staged a big rally. However, on Monday, China, Germany and other world leaders were critical of the Fed's move. They fear that the dollar will further weaken in comparison to other currencies and that it will have a negative global impact. Critics at home say it will lead to inflation as rates remain at historic lows.
On the positive side it will help our exports but I'm not sure what we export anymore besides jobs. I can deal with a little inflation if it helps unemployment but somehow I wonder if it will create jobs. Anyone else get the sense that we are all part of a big ponzi scheme and shell game where nothing is created and money just moves around from one balance sheet to another? I don't know if I'm being pessimistic or depressed but I sure feel like going to lunch, not coming back to work and loading up the boat and saying the hell with it:wallbash:
On the positive side it will help our exports but I'm not sure what we export anymore besides jobs. I can deal with a little inflation if it helps unemployment but somehow I wonder if it will create jobs. Anyone else get the sense that we are all part of a big ponzi scheme and shell game where nothing is created and money just moves around from one balance sheet to another? I don't know if I'm being pessimistic or depressed but I sure feel like going to lunch, not coming back to work and loading up the boat and saying the hell with it:wallbash: