Thinking About “Occupy Wall Street” Protests

We believe that the straw that broke the camel’s back and ignited the Occupy Wall Street rallies were: 1) the recent considerations by the Federal Reserve to re-initiate its inflationist, quantitative easing policies; and 2) the global, government-coordinated efforts to bail out European and even U.S. banks in the wake of the PIIGS sovereign debt crisis. The message American labor hears is: the U.S. economy is getting worse, our leaders will continue to inflate the dollar in a misguided effort to bail out the economy, which will only accelerate rising living costs, and banks could receive hundreds of billions of dollars in additional government support as opposed to the consumer. Of course, these protests will take place at the regional Fed banks and the Treasury…READ MORE.