mizchels
New Contributor
I just watched this blurb from YouTube with Don Herrald:
http://youtube.com/watch?v=4sZCNlPwG8o&feature=related
In it he emphasizes that the Fed lowered rates only to benefit the large banks, like JP Morgan, so they could do things like buy Bear Sterns. He says the Fed has disregard for the common investor and it's up to us to make ourselves heard with voting, etc. I'd like to think that the Fed isn't completely blind to the interests of investors, as they are obviously also a large part of the economy...and the economy is what the Fed is concerned about, right? Don Herrald's points make me stop to consider, though. He jabs at Jim Cramer for being so wrong on investing in Bear Sterns...now, you can't take Cramer as gospel (unless you have no business really investing anyway) but he, too, can make good points/picks sometimes. Just wondering what others' thoughts are about this guy's opinion.
http://youtube.com/watch?v=4sZCNlPwG8o&feature=related
In it he emphasizes that the Fed lowered rates only to benefit the large banks, like JP Morgan, so they could do things like buy Bear Sterns. He says the Fed has disregard for the common investor and it's up to us to make ourselves heard with voting, etc. I'd like to think that the Fed isn't completely blind to the interests of investors, as they are obviously also a large part of the economy...and the economy is what the Fed is concerned about, right? Don Herrald's points make me stop to consider, though. He jabs at Jim Cramer for being so wrong on investing in Bear Sterns...now, you can't take Cramer as gospel (unless you have no business really investing anyway) but he, too, can make good points/picks sometimes. Just wondering what others' thoughts are about this guy's opinion.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
