Has the Fed been fueling bubbles? You be the judge

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  • Say No to BO Mapleton, UT
    Dec. 17, 2013 2:45 p.m.

    Let's look at the real value of money.
    Have you asked your bank about CD rates?
    The overnight bank lending rate is 0, zip, nada. Our money is worthless and the Fed is insuring it will remain so.
    They have entered the bond market and destroyed returns there as well.
    Foreclosures, underwater loans and bankruptcies continue to plague us.
    Government spending/borrowing has not been fixed.
    Regardless of what the AP reporter thinks, we are in a national fiscal crisis. Our position as the standard to the world is only in effect until another nation gets stronger. Britain never thought they were vulnerable.

  • happy2bhere clearfield, UT
    Dec. 17, 2013 3:48 a.m.

    Reading all that just goes to show you why the study of economics is as much an art as it is a science. There are just too many variables in world economics that make any mathmatical formulas impossible to rely on. My feeling is that the only thing that could be considered an economic staple is property. At least that is a real tangable asset. Even gold is only a mineral, and worthless unless someone is willing to pay a good or service for it. If I had a bank account with millions in it, I'd be inclined to put it into some tangable asset rather than hope that the value of the dollar will never decline to the point of hyper inflation. And with the huge American debt, that could become a reality if it isn't dealt with at some time in the future. The real truth is when it comes to economy and the American dollar. It is the "faith" in America and its currency that really gives value to it. If that faith is ever lost, so will not only the American economy, but likely the world economy too.