Ordinary, average, Main Street savers and investors, who normally are seeking safe havens for their savings and funds, have been ripped off by Federal Reserve policies over the past few years.
Unfortunately, when they see how little they can earn on their money, if risk avoidance is their concern, these investors place the blame on everyone but the guilty. It’s the Fed that’s primarily responsible.
And this will continue with the mistaken notion that Fed policy, that in effect is inflating the currency while attempting to stimulate the economy, will actually produce financial disaster.(See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)
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