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Related: About this forumcantbeserious
(13,039 posts)Without demand growth, there can be no significant inflation growth.
Best website to help understand this situation:
Steve Keen's Debt Watch
midnight
(26,624 posts)Went to Debt Watch-Looks like a good site to get more explanation...
napoleon_in_rags
(3,991 posts)15 trillion now?
I read a Krugman article that said "hey chill out, most of that is owed to America." so I went and checked out who the debt is owed to, and sure enough, the majority is owed to the Federal Reserve. And where do they get their money from??? Thin air.
What I know is this: When I was 16, I used to put in a days work at minimum wage at 7/11...I would then fill my gas tank, get a couple packs of smokes, eat out, and do a week's grocery shopping, and it would be about a day's wages. Now I make more than twice of what I did then, but I fill my gas tank, get a couple packs of smokes, do a week's grocery shopping and its exactly the same, about a days wages.
midnight
(26,624 posts)"The US Federal Reserve enters uncharted waters at its policy meeting this week as it reveals individual policymakers views on the future path of interest rates.
Fed-watchers generally expect the central bank will leave monetary policy essentially unchanged after the economy has recently shown some signs of an improving recovery from a deep recession.
The Federal Open Market Committee policymakers have pledged to keep the key federal funds rate between zero and 0.25 percent through mid-2013 to support growth.
The overnight interbank lending rate has been held at that historic low since December 2008."http://www.rawstory.com/rs/2012/01/22/fed-to-enter-tricky-waters-of-us-rate-forecasts/
Who stands to profit from low interest rates that underwater mortgage owners can't get access to? Or Small business owners can't get acess to?
After reading this article it is clear that the FED intends to offer inane ideas that will leave the cars of many people stuck in the ditch for ever...
Blacksheep214
(877 posts)Do I win anything?
Guy Montag
(126 posts)to the problems it talks about. thanks for sharing this.