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RANsquawk Weekly Wrap - 31st May 2013
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Awesome last minute market dump....but I'm sure they'll have it all repaired by Monday futures open huh?
Have a good weekend, bitchez!
TD..another great week keeping it real
Corrections are inevitable but:
Inflation in 1979: more than 13%
Inflation in 1947: more than 14%
Inflation in 1918: more than 17%
Inflation in 1864: more than 27%
The most indebted period in this country's history? Right after the Revolutionary War.
The money that Bernanke has "printed" is sitting at the FED. (not in circulation)
Who owns most of this country's debt? US citizens - who will be taking it gradually through retirement funds like Railroad retirement fund and Fed Employees retirement fund and others.
Have a good weekend.