Monday, December 30, 2013

Help the average person, to help the economy

Bob Janjuah on why he thinks that the Fed strategy for money printing was not really the best way to boost the economy. On a recent interview on CNBC market review, he says 
"If you give people whose average net worth is $50 million another $1 million, they're not going to spend it. But if you give someone whose net worth is zero $5,000, they'll tend to spend it."