Opinion: So much for the big rally
Things have been pretty darned good in our communities for most of us since the recession withered away. Still, we’ve believed all along that the market would “correct” itself in the not-too-distant future, although do not look to us for financial advice. Now comes the news that Richard Fisher, the former head of the Fed in Dallas, spilled his guts on CNBC recently. In a follow-up report by zerohedge.com, we learn that market volatility and comments about China driving such wasn’t the case. “It is not China. … What The Fed did, and I was part of it, was front-load an enormous rally market rally in order to create a wealth effect … and an uncomfortable digestive period is likely now.” Simply incredible.
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We’ve waxed here more than once about how out of touch the youth/young adults of America are. While not ours, this observation of young liberal America seems right on point. “America’s colleges have always been teeming with Marxist professors and 18-year-olds who don’t know how to do their own laundry, but do know how the world should be run, but they’ve now become havens for the world’s most easily offended people,” according to townhall.com. In 2015, they brought us new terms, including micro-aggression, cultural appropriation and safe spaces, among others. Commentator Mark Steyn might have had the best response of all: “The shrill, little twerps shrieking, ‘You can’t say that!,’ are a far bigger problem than the stuff they object to.”
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In observance of Martin Luther King Day on Jan. 18, a Monday, the post office will be closed. As such, Current will be delivered to your mailbox on Jan. 16.