Wednesday, April 27, 2011

Homeowners angry with the Fed

I hear two things on the webosphere.  The Fed can't do much, but they have room in inflation for a QE3.  Keynesians say they want the Fed to use inflation to create jobs, but they mainly want inflation.  I think they are homeowners trying to rig the game.
Obama, like previous presidents in times of high oil prices, is taking a hit. Only 39 percent of those who call gas prices a “serious financial hardship” approve of the way he is doing his job, and 33 percent of them say he’s doing a good job on the economy.WA Post
Obama is dealing with money delusion; folks blame the price but the problem is energy efficiency.

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