Tuesday, September 21, 2010 - 3:40 PM
Reuters story out today says traders do not expect the Fed to raise rates before December 2011 at best -- yes, more than a year from now. They do not see the Fed raising rates higher than 1% -- which is pretty much nothing -- before August 2012, two years from now!
That is a hell of a long time for savers -- you know, the responsible ones -- to be bailing out the irresponsible ones who brought down the economy with their profligate borrowing and risky overspending. And meanwhile, the corporations have piled up an ungodly amount of cash on hand that they are NOT using to hire people.
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