Wating.
For what, I don’t know. Who cares if the Fed raises rates by 0.25% or not? We all know it’s coming and whether it comes tomorrow (it won’t) or October (it will) has nothing to do with the health of the economy or earnings for the last 3.5 months of 2015.
We know the Fed can’t lower rates below 0, so they have nowhere to go but up and it’s just a matter of when, not if, rates are going to rise. No jobs will be gained or lost, no factories will be opened or closed, no ditches will be dug or filled in based on what the Fed does tomorrow. The Fed has not in any way, shape or form done anything to help the real economy in 7 years – why start now?
Yes, they’ve made interest cheap so you could refinance your house and buy a new car (ie. take on more debt for the Banksters who own the Fed) but they’ve also destroyed the value of savings and incentified our Corporate Masters to leverage, merge and lay off workers, which has the net effect of driving wages to record lows in relation to Corporate Revenues and Profits:
Do you see that red line on the top chart? That’s ZERO – you can’t go much lower than zero unless you figure out how to get the employees to pay you for the privilege of coming to work (I know, we shouldn’t give them any ideas!). NO Corporate profits are shared anymore, workers are paid as little as possible and given no credit whatsoever for a company’s success and, thanks to drastic cutbacks in pensions and benefits – they are discarded like a broken machine after a lifetime of service to the company.
It’s no wonder Bernie Sanders is striking a resonant chord among the voters. While most candidates have tin ears when it comes to the state of the real economy, Sanders knows how bad conditions are for the majority of the people in this country and he’s willing to point the finger at the people who are grinding them down.
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