Changing Word Wardrobes

Here it is in disguise, the Feds announcement that if you are on a fixed income then that income is going to DECREASE. In other words you just got a pay cut. This is especially punitive to savers. It seems that there is quite a schizoid view of personal finance.

Is it our patriotic duty to spend and consume in order to stay the recession? Well now you will have less to do that with and I don't "buy" into that role -- then there is all the encouragement to put any capital you have into the market, avoiding bonds ---- Ah Wall Street has you over a barrel again. But what about those of us with a limited chronological future because of age and who have already shifted to bonds.........well the bad medicine is for you.

I really was amused at the language selected to spread this news. Ah.....the Fed is buying assets. Sounds like something positive until you do a translation and find it means they are going to flood the economy with dollars so any you have will be worth much less. No wonder they try to sweeten this up.

My friends the economy is on life support.

graysmoke