Zeev's Turnips Patch-No Politics (ZEEV)

[market_watcher]

We've already got 10% unemployment when you count 'discouraged' workers. Deficits don't include Social Security, AFAIK, and those liabilities are going to be huge(ironically, SS is supposed to run out the very year I reach retirement age, so I hope I don't need it and I wouldn't be surprised if it ran out before that). Bankruptcies are still very high, especially on the individual side, but on the corporate as well, even though they're down.

But, in my opinion, the worst thing is that by 'averting' this all, the FED has simply not allowed the market to clear and has let weak management teams, including itself, remain in control of assets that would be better utilized in stronger hands.

I don't think the FED intervenes in the market daily, though.