FED POLICY FOLLY

FED Policy is to keep interest low by BUYING TREASURIES......sentiment is one sided against Bonds and even with that small bullish crowd as soon as FED kept things the same, in the name of economic recovery, interest rates soared higher....and stocks gave up gains.

"CRAP-FOR-BRAINS"

Folks, the economy is on LIFE SUPPORT. 20% of Americans receive some Gov't assistance. 2 years of ZERO INTEREST RATES which have all those Americans looking for SAFE returns holding their ankles.

BUT, the AIM was to MANIPULATE assets higher, to cause spillover into economy....this was the plan for recovery all along.

Transport index is just shy of all time highs. Value Line index is at NEW ALL TIME HIGH!....most of the stock losses from 2007 -2009 crisis are gone.

But we don't create jobs, housing has not recovered, savers get hosed, banks are bailed out.

Calling THIS, a recovery is an abomination.