Why the Fed should take a hike.

Just some brief headlines as the Fed begins its two-day meeting.

S&P has downgraded Japan to single A status on its debt. Proving that a decade of QE does nothing for the economy and everything to do with running up debt to create asset bubbles, which are unsustainable.

Hewlett-Packard has announced it is firing 30K more workers. This is the type of job America needs. Good pay and benefits. The Obama administration¬† will say they added 20K bartender and other service jobs that balance out the losses. It’s nonsense how the middle class is getting shafted the past seven years.

Good middle-class jobs gone for good, people forced to take two or three part-time jobs at a fast food joint to bridge the gap.

Mourning in America.

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