CEA Chairman Kevin Hassett Discusses Disconnect Between Wall Street and Main Street… [Video]

Sundance – The investment instruments created by Wall Street billionaire hedge fund managers and institutional multinational banking interests; operated by robotic algorithmic data networks, while programmed to twitch and flitter with coded signals only decipherable by the hired engineers; are wildly swinging amid their detachment from Main Street.

This fluctuating Wall Street process is likely to continue; actually, it’s going to get a hell of a lot worse; because the invisible data driving the activity behind the swings is based on investment bets, derivatives that are entirely disconnected from actual Main Street financial results.  Chairman Hassett discusses:

Full Spectrum: “The Main Street-Wall Street demarcation has been fortuitously blurred, all to Wall Street’s benefit. Recall the mass migration over the last few decades from defined pension plans to self-directed IRAs and 401ks. This was Wall Street impregnating Main Street with Wall Street’s sweatless ethics. Main Street is very much ‘in the market’. Trumponomics desperately needs a tutorial to the American people explaining the rockiness of the transition and all that’s at stake.”

main street

SF Source The Conservative Treehouse Dec 2018

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.