It doesn’t matter. Santa Yellen will bring them presents anyway. Even if they’re Jewish.
If GDP is growing at 5%, we’re adding 321,000 jobs per month, consumers are confident and spending, corporate profits are at all-time records, and the stock market is at all-time highs, why does Santa Yellen need to keep interest rates at emergency levels, five years into this Obama recovery?
Inquiring minds want to know. Does Santa Yellen really work for the little people? Or just for the naughty people on Wall Street?
You have to ask? Does ANYBODY on Wall St. even consider how their actions affect the “little people”? Apparently not!
Hi Westcoater, She is of the opinion, as are many others that an elevated stock market gives people confidence that all is well and the spending from stockholders who are making money helps the economy and is a net plus.
There may be some truth to her thinking. I ask myself if the stock market crashes, as it did in 2008, and everyone participating watches their paper wealth, 401K’s, retirement SEPs and such go down the drain, as well as the economy enter a steep recession from the collapse; would the little people be better off??
My instincts tell me we are all better off with a rising, rather than a crashing stock market, but I realize there are honest differences of opinion on the topic.
Golden Oxen,
Wake the hell up, tool. Yellen is keeping rates at zero because if she raises them at all the economy tanks. The stock market is the least of your worries. This bitch continues to paint America into Bernanke’s corner. The crash is coming. It is mathematically assured. There’s no way out. And you feel good. Says it all.