Friday, October 29, 2010

Federal Reserve to announce new "Tax on the Consumer", and that It's For Your Own Good.

The Fed's 'tax on the consumer'
By Hibah Yousuf; CNNMoney.com

"The problem I have with QE2, is it behaves like a tax on the consumer," said David Giroux, a fund manager at T. Rowe Price. "People want to believe it's a free lunch for the economy, but it's definitely not. Next year, we're going to be paying more at the gas pump and the grocery store."


http://money.cnn.com/2010/10/28/news/economy/quantitative_easing_consumer_impact/index.htm



 

 

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