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Showing posts with the label money

America's Snowflake-in-Chief

It has been awhile since the alternative-media made a meme of politically-correct crybabies on college campuses. "Snowflakes" they were called. But things become passé very quickly these days.

I enjoyed the criticism of college crybabies, and would like to see the 'snowflake' meme revived, in a different context.

How about Wall Street? Wall Street and president Trump are acting like snowflakes about the mild steps taken by the Federal Reserve to normalize interest rates. An entire generation of investment professionals has grown up thinking that free interest is normal. Trump apparently thinks that the stock market is a proxy for the state of the "great" economy that America is supposed to have.

And how do fake stock prices matter to the average American?