PENDING MARKET DISASTER: Bernanke Forces Retirees Into Risky Stocks, Obama Tax The U.S. Into Recession, Renowned Manager Warns of A Bigger Crisis Than 2008 Is Coming, US$ Is About To Break Out of A 10-year Falling Channel!!
March 1st, 2013
Rep. Garrett to Moneynews: Bernanke Forces Retirees Into Risky Stocks
U.S. Rep. Scott Garrett says Federal Reserve Chairman Ben Bernanke’s ultra-low interest rate policy is hurting senior citizens by forcing them out of the safety of fixed-income investments and into much riskier stocks.
“With regard to seniors, the Fed’s loose monetary policy and basically pegging the interest rates where they are right now keeps them at historically low levels for an extended, protracted period of time,” Garrett told Newsmax TV in an exclusive interview.
The low interest rates, designed to spur economic growth, carry with them “huge negatives,” the New Jersey Republican said.
Obama just crushed the U.S. economy