The stock market is over priced.

#3027
ozoneman
Participant
  • Total Posts: 526

Needs to come down from the stratosphere, like in 2008, and before that in 2000.

As I understand it, the FED needs to raise the near zero rates that Obama had, to something more in line with the historical average. Otherwise, the pension funds and savers will not get an interest return to live on.

Also, the FED needs to build up a reserve in rates, so when the next recession comes (soon), they will have the ability to lower rates.

This has nothing to do with Trump, though if he takes credit for the stock run up, he may have to take blame for the fall. I’m expecting that it will stick to him.

All of this bodes well for Bernie in 2020 to be the next FDR, restore Glass-Steagall, break up the too big to fail banks…