Look Out For Roaring New Highs In the Stock Market
Bill Quick

Fed sharply cuts forecast for US economic growth – US News

WASHINGTON (AP) — The Federal Reserve has sharply cut its forecast for U.S. growth this year, reflecting a shrinking economy last quarter caused mostly by harsh weather.

At the same time, the Fed has barely increased its estimate of inflation despite signs that consumer price increases are picking up. Its benign inflation outlook suggests that the Fed doesn’t feel rising pressure to raise short-term interest rates.

The Fed updated its economic forecasts Wednesday after a two-day policy meeting.

It expects growth to be just 2.1 percent to 2.3 percent this year, down from 2.8 percent to 3 percent in its last projections in March.

The crony bankers and investors of the .001 percent who are making tens of millions of dollars off QE Eternity don’t worry about huge hikes in the cost of food and fuel.  That’s only a problem for the little people.

Something is very wrong when “capitalists” find the economic ruin of their nation a cause for rejoicing and new highs in the stock markets.

Bill Quick

About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.

Comments are closed.