It was reaffirmed today that the fed will keep interest low rates until the unemployemnt rate reaches at least 6.5%. That boades well for the upper 1% but really sucks the other 99% of us. This really the fed will continue to allow banks and large corps to stock pile cash rather than increase the labor force. IMO this is death by academia. Basically the fed is now giving dollars to only the very top and the bottom of economic classes. How can they possibly think this will work? First of all, IMO, when the unemployment rate hits 6.5% it will be because so many more stopped looking and are just drawing on the goverment. The total unempolyed and underemployed will not have changed. It's not going to change in the forseeable future. Hillary will be elected in 2016 as the GOP will continue to eat its young. She will then put the finishing touches on what was once the greatest country in the history of the world.,
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