blame the accountants? Blame Andrew Cuomo? Blame low interest rates? blame Greed (or wanting more than 1 percent back on your investment)? Blame Obama's medical bill? Blame the Fed for paying banks not to lend?
Their analysis seems about right, but what do I know?
But unlike the unwashed clowns protesting on Wall street, they do have suggestions:
So rather than planning an occupation, let’s focus on solutions:
- The Federal Reserve should stay out of it: stop paying the banks to hold our money instead of lending it out...
- Let’s bring back the uptick rule, and make it harder to short the market. What does this do? It makes stocks go up so companies can raise more money to hire people.
- None of the stimulus from Obama or the Fed has helped the franchise business. There are about one million franchises in the U.S. employing over 10 million people. How about we give those franchises a tax break so they can hire more people....
and the good news?
They aren't as morbidly pessimistic about the European default as some....go read the whole thing.
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