OBAMA: “You have pockets of poverty, lack of opportunity, lack of education all across this country"

[golfguru]

6. IMO....the #1 cause of economy in funk is...

ZIRP! Consider that bond market has bigger value than stock market, Apple included! Then you add all the seniors who have tried like hell to build some retirement savings in a long lifetime.

Well, bonds are paying next to nothing, CD's are paying next to nothing, saving accounts are paying next to nothing.

All that interest going into economy as spending has vanished.
It has obliterated demand for discretionary goods & services.
Can you calculate how much interest money is out of circulation if interest rates were 4-5% instead of zero?

I have never seen so many openings at Dentist's offices! I can now get an appointment within a week, easy!

The FED wrongly thinks ZIRP (zero interest rate policy) will create business expansion. That is putting cart before the horse. First you to create income, and demand will follow. Why would a business expand when demand is tepid.