Translation: The Fed will continue coddle Wall Street at the expense of the rest of us. They plan to buy assets in hopes that will make dividend stocks more attractive, a singularly useless approach to helping the economy in the real world. Apparently they’ve forgotten or are unconcerned about unemployment. Of course, big business likes high unemployment, that way they can pay less and push workers harder.
“You need not go farther than one of our stores on midnight at the end of the month,” [Wal-Mart CEO] Simon said. “About 11 p.m. customers start to come in and shop, fill their grocery basket with basic items — baby formula, milk, bread, eggs — and continue to shop and mill about the store until midnight when government electronic benefits cards get activated, and then the checkout starts.”
Think about that. Desperate families on the edge while the Fed dreams up ways to make dividend stocks a better buy for Wall Street.