The Fed is acting insane — that’s the economy’s biggest problem, says northmantrader:
S&P 500 SPX, -0.65% at 3,300, SPX 3,350, SPX 3500, do I hear Dow DJIA, -0.42% 31,500? Yes I am. The big driver of course is the prospect of the Federal Reserve and other central banks cutting interest rates again to save the global economy.
But not only are majority solution impossible to get, nobody even wants to even talk about them. Why? Because they involve pain. Voters don’t want to hear pain. Hence all you hear is free money. Tax cuts in 2016. Now we hear free college, health care and debt forgiveness for 2020 and, who knows, maybe more tax cuts.
Everybody talks about the outrage of the day; it’s a hyped-up atmosphere by design. Because the architects of the conversation know the truth, and that is that as long as people are distracted by outrage, fear, anger and emotion ,they will not think about how the system is actually utterly screwed. “Global central bankers are again in the driving seat when it comes to propping up the world economy, but many are demanding governments join them in the rescue effort.
Cause we really need stimulus as trillion-dollar companies such as Microsoft MSFT, -0.59% are going parabolic:
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