Monday, May 21, 2012

Anger at Westminister

George Parker, Financial Times political editor:
"The anger at Westminster is raw. In what may come to be seen as a defining moment in relations between the British parliament and the City, Barclays's attempt to rig interest rates has tipped the political mood from resentment to outright contempt.

The Question is who is a Wealth Creator?

If you don't really care about the truth than this what kind of thinking you get:

“I’ve been banging my head against the wall,” said Stanley in Stamford, Connecticut, a former researcher at the Federal Reserve Bank of Richmond, who had predicted an interest- rate increase as early as last year and now says the Fed probably will tighten in the middle of next year. “They’re willing to let things run for longer and let inflation accelerate more than historically.”