free spending politicians who love zero interest rates? liz, i got to wonder whether the fed put itself in a corner by all but telegraphing a likely move on rates by the end of the year. which means that people are going to worry all over again whether they re inclined to move in october or december, their next two meetings this year. well, just get ready to have your nails bitten down to quick. we have an october meeting and then a december meeting. so, this guessing game, this big moment in the markets, every month there is a federal reserve meeting. there s no meeting in november, but if the fed is pretending it s not a slave to the stock market, it s on la la land territory. it is a slave to the market, but having kept rates so low during
enough, debbie. i report what s going on in your state, but folks keep putting big spending politicians in office. another one, bill, i escaped from the people s republic of rhode island. i moved here. god bless, texas. randy white, toronto, canada. people don t pay theirexas. share. who decides what s fair? in the ups it s congressin the . it can be theft, and i don t believe people will stand for that. another one, most people do not have guilt about being white. excellent point. thank you for your account of november 22, 1963, i cried when i read killing kennedy.
i was born here, i can t believe what the state has become. modesto, california. bill, you lump all californians together. there are large numbers of us fed up. but the numbers aren t large enough, debbie. i report what s going on in your state, but folks keep putting big spending politicians in office. another one, bill, i escaped from the people s republic of rhode island. i moved here. god bless, texas. randy white, toronto, canada. i believe in a wealth texas. many rich people don t pay their share. who decides what s fair? in the ups it s congressin the . it can be theft, and i don t believe people will stand for that. another one, most people do not have guilt about being white.
public employee retirement. tim, it seems like a pretty vicious cocktail, free spending politicians utilizing account g i ing shenanigans. i think to complete the picture you also have to explain how the public employee unions are funneling money to one party the politicians. yeah. part democratic politicians to get them elected and so then again when they are sitting at the table and giving out the money it s not their money they are giving out, they are giving more money to the unions that then send more money to elect them. it s another case of special interests, this is one reason why we free market conservative types say get rid of the high place. once you have all this money
sketchy investment from the pension managers finally catching up with them. in order to cover unrealistic promises to teachers and other public sector employees, fund managers were buying into highly risky securities, remember those cdo s with the really high yields. they were rated aaa by the rating agencies. that gave the bankers the leverage to say if you don t bail us out we ll wipe out every pension in america. well why were the pension managers buying those high risk securities? was it because they were trying to keep up with the free spending politicians who were looking to their pension managers to get 20, 10, 15% returns on some investments that were actually worthless mortgages. but when people couldn t pay their bills, guess who was the