Letter: FED is putting U.S. in poor position - Ahwatukee Foothills News: Letters To The Editor

default avatar
Welcome to the site! Login or Signup below.
Logout|My Dashboard

Letter: FED is putting U.S. in poor position

Font Size:
Default font size
Larger font size

Posted: Wednesday, January 8, 2014 5:45 am

Our Federal Reserve is putting the U.S. in a very poor position. It seems that the stock market reacts to the FEDs’ QEs: Every time the FED indicates that they will start a QE the market jumps 25 percent, every time they announce tapering the market retracts 20 percent.

So, the stock market is controlled by the FED, making it impossible to predict your investments. It is easy for the FED to do these things, but the hard part is how to get out of this quandary. Once the country has tasted the good times, where the economy has prospered, people don’t understand why things should change. It has to change because the FED cannot sustain QEs forever. You can summarize this by saying that the government has taken over the market. So, instead of the market dictating what happens, the government has been the decision maker. We don’t have free market capitalism anymore, we just have an intrusive and interventionist government that thinks that they know more than the market, and they think that they can navigate our economy through the turmoil of FED activism. Our FED has a bunch of intellectual idiots that like the power of the FED, and are going to lead America to the poor house if allowed to keep going.

Don Crook

More about

More about

  • Discuss


ahwatukee.com on Facebook


ahwatukee.com on Twitter


Subscribe to ahwatukee.com via RSS

RSS Feeds


Uber Car

Ahwatukee Little League 11s win district title

Ahwatukee Little League Minors topped Chandler National North to win the District 13 title.

Despite excessive heat, some residents still active outside

By Jiahui Jia | Cronkite NewsFriday, June 24, 2016PHOENIX — It was 9 a.m. and the temperature had...

Online poll

prev next