The left has been all over the market rise, grabbing credit for BHO -- whose failed policies have precisely nothing to do with any economic activity or recovery. (One guy had the chutzpah to claim that the failed stimulus caused the economy to rebound!!) But this article notes the nosedive resulted from ... the possibility of higher interest rates. THAT, it seems, has been what has inflated this bubble: near zero interest rates. Which, of course, BHO cannot (in theory) control. And that cant last forever. Likely, when they start ticking up, the market will start ticking down. But, of course, while credit for the rise goes to BHO, when the inevitable correction cuts in, it will be Bushs fault, or due to GOP obstruction. You can almost write the script.
Posted on: Fri, 26 Sep 2014 01:27:03 +0000
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