15 December 2013

Wanted: Fed Policy Focused on Jobs for Americans Instead of Profits for Banks

By Nomi Prins

The Big Six banks’ stock prices have outperformed the Dow’s rise by a factor of more than TEN times, since early 2009. Moreover, low to zero percent interest rates on citizens’ savings accounts have catalyzed depositors, pensions, and mutual funds to buy more stocks to make up for low returns on bonds and money market instruments, further buoying the stock market.

0 Comments:

Post a Comment

<< Home