Article Review

Stockman once again manages to take on against the Federal Reserve and against those who boast about the greatness of government involvement. He begins about explaining how there is a collapse in commodities in the market, and how perhaps after the bubble bursts a recession is possible to occur. He explains how there is such an increase in debt and how the GDP has also been increased, which radiated from such amount of money that has been poured onto the economic system. Causing inflation, no duh. He rages about the way the Fed has managed to manipulate data to make things seem smooth and steady by picking certain points and bragging about successes. Then he argues that one country cannot decide on monetary policy because policy occurs between countries and not amongst itself. In other news, unemployment rates are discussed to only have lowered for a certain period of time and not on average meaning that certain peeks in the unemployment were showed but not overall. Other neglected ideas involve international trade in which statistics do not make sense when placed in accepting articles. This happens when Germany has a higher rate than the U.S. but still manages to be underestimated due to overlapping information that has happened because of the past. Golden Sachs on the far side of the situation are still getting money for free without interest rates. Overall this article made me feel pretty pissed off, since a lot of things have happened, how much will be enough to make the public realize the type of crashes the market and the economy are facing?!