The federal reserve seems more concerned with the health of the stock market, rather than with the finances of the general population. I guess it kind of makes sense, since a collapse in the stock market would lead to mass layoffs, but still, the market seems to be build on the delusion that double digit grow is a give, at least on the largest caps, which is obviously impossible. Thus it could be said that the entire economy rests on false premises, which may bring about the end of this nation's status of a superpower. Perhaps not today, and maybe not even a decade from now, but eventually.
