Quote:Quantitative easing has much to do with the booming stock market. As the fed pumped more money into the system, it has artificially inflated the markets. With interest rates starting to rise, watch what happens. It won't just be another housing bubble bursting.

 

Oh I very much agree.  The "robust economy" that liberals are claiming that Obama produced is actually doomed to fail.  Interest rates should have been risen AT LEAST last spring if not earlier.  The problem is that the Fed as an institution was in the tank for Obama.  They held off raising interest rates until it became apparent that cankles wasn't going to win the election.  They (specifically Janet Yeldon) held off on raising interest rates simply to protect Obama and his "legacy".  Now that Trump is the President, they'll raise them again.  The Fed is actually a very powerful arm in government that most people don't really know about or understand.

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