This struck me as the ultimate in "opposite attraction"...
While the Fed is busy printing extra money to loan to the banks in a bid to, purportedly, and, ultimately, stimulate job growth, today the Bank of America announced that it is planning to cut 16,000 jobs by year end, as reported by the Wall Street Journal.
I can't imagine that this is the effect the Fed is hoping to achieve with this policy. Go figure!
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