Monday, February 7, 2011

Wall Street on Steroids: Main Street Americans in Doldrums

Wall Street is back on Steroids courtesy of the U.S. Federal Reserve giving money away at effectively zero ($0) interest rates.

Meanwhile, main street americans remain in the doldrums. Real unemployment remains at 15% (including shadow unemployed and those not eligible for unemployment benefits), real estate prices continue to decline, food prices are spiraling upwards and out of control due to unbridled cheap money and speculation, and the average American's net worth is declining.

The U.S. Middle Class is on the verge of extinction.

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