Federal Reserve Cowers Before Wall Street Panic Attacks

According to this article wages in the United States have reached their highest level in 10 years.

In a rational economy that would be a sign of economic growth. But the stock market has little to do with the physical economy. When the Federal Reserve raises the interest rates that is a sign of confidence in the capitalist economy. But for the market fundamentalists of Wall Street that is a disaster, causing markets to plunge 600 points last Thursday. Then the Fed promised not to raise the rates two more times. The stock markets rose 1,000 points. Here is the rational capitalist system in practice.