“The new normal…”
As we have noted previously:
CNBC’s Rick Santelli asks the (rhetorical) question that everyone should ask: “[What the Fed minutes said] is, listen, we have to wait for bigger confirmation that the economy is doing better; and for that, we’re going to look at the employment side. [At the same time] we have the fewest people working that can work in 30 years, and all-time-record-high profits for corporations. Now, does that strategy sound rational to you?“ It seems, now that Bernanke has seemingly promised that it will really never end, that Santelli’s question will become increasingly critical in this country.