Tuesday, December 24, 2013

Happy Christmas Eve.

And it is frigid here.  The weather person said we are at 0F.  Hope you all are staying warm and enjoying good company.

Well, I guess this shows why the financial industry was so enthusiastic about the move to the 401k retirement plans.  And why ordinary people should make other plans.  I also loved the remarks about the Federal Reserve's unstated mission.  We have all heard that the Fed's job is to control inflation and to address unemployment.  But the unstated mission has become the propping up of the stock markets while facilitating the movement of funds up the economic ladder--into the pockets of the financial elite.

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