The Progressive Obama Led Economic Reforms Are Fake
$OIL, $GS
The US is $18-T in operating US debt and $97-T in unfunded liabilities!
All Americans should be afraid because the Obama administration, and the Fed have put the nation in a downward spiral. This action was triggered by the Clinton administration’s monetary policy and abetted by George W. Bush.
The selloff in corporate bonds is deepening and investors are seeking safety in the longest-dated government debt, which does best when the economy does worst. Defaults are rising as Crude Oil prices dive, and participants look for the best ways to hedge against credit losses, for the most parts the hedges will end late this year
All this comes as the Fed does nothing, it has no leadership, it has no tools left.
China has now taken the lead with new rounds of financial stimulus in the face of slowing growth, thought it is the highest in the world at 7% and has be for 25 years running .
Financial markets are desperate for the Fed to continue to drive trading activities, but the US central bank can only do one thing stimulate more, meaning a new round of QE meaning QE-4.
Fed fund rates are Zero+ where they have been for 6.5 years, the Fed is not in a position to raise its rates. In other words, US monetary policy is easy as it has been since the Great Recession of Y 2008
US President Barack Hussein Obama declare that Recession over 5 yrs ago.
American savers are getting 1% and it is being eaten up by inflation. The Fed say there is little inflation, but the price of just about everything has gone up except Crude Oil.
The issue is this: it is hard not to look at the events surrounding the Y 2008 financial market meltdown. When the bottom fell out of the housing market, Goldman Sachs (NYSE:GS) emerged more or less unscathed despite its exposure because the US Treasury Secretary (ex-Goldie Chairman) Hank Paulson mandated it.
The American economy is stagnant, Donald Trump is telling the American people and now they are listening.
Mr. Obama, the man who promised hope and change is a total failure and a majority of citizens believe he is America’s worst President ever.
Recently we learned that he is raising $1-B to build his “Library” in Chicago. A library for what he has no legacy other than like Bill Clinton undermining everything America really stands for.
Stay tuned…
HeffX-LTN
Paul Ebeling
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