Quote:
Originally Posted by LaRondo
But the scary truth is that the Fed has lost control of events.
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It's foolish to assume the Fed was ever in control of the economy - it isn't, it never has been, and it never will be. The Fed can only assist with the economy by altering rates and distributing more/less money. The economy is it's own monster, and we all live by the will and wish of that monster. The past eight years have been huge as a boon to the economy, now it's time for an "adjustment", which means we'll all be losing a little money for awhile. If the Dems get into full power of the government, you can expect higher taxes to pay for this, which means you be losing even more money.
Don't get too caught up in the "The sky is falling! The sky is falling!" mentality. Pay heed, but don't blindly follow.