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.