Traditional money managers can't see how they can make money in gold the way they do ripping off people with fees for gambling in less stable assets that are pawned around like flies on you know what. Every gold coin you hold rather than give them is an asset the government can't tax annually and an asset they can't get trading fees off of. Thus they will never promote it.

The amount of money banks will pull out of the market if they need to pay interest on their bets insures any rate increase will hammer the market. Thus, its a self fulfilling prophecy. The threat that rates may go above zirp alone is making them not increase their bets and thus the market grinding to a halt.

Peanuts in fines compared to BofA and TBTF banks in the US. The difference is US banks don't care because they get all the liquidity they want from the central bank for free and if they fail the taxpayer is the loser and they go back to their billions and multi million dollar mansions they made making the safest bets in the world: win I get richer and lose American taxpayers lose.

Sadly the Federal Reserve is likely not to raise rates anyways because they are too stupid to do so and because they know doing so will make banks pull a lot of free money out of speculative investments. It's not hard to invest when you get unlimited money from the central bank for free. It's quite another when you have to pay some percentage.

Just the threat of ending this crony capitalism cycle has caused the markets to sink and cash to dry up. If this is what the federal Reserve calls saving us I'll take a downturn if it wipes away these too big to survive players who get fat off free bets and bets guaranteed by the American taxpayers.

"Your zero-interest rate policy (ZIRP) has gutted our ability to build capital safely. For that alone, you are an enemy of the middle class.", Well said. I'm glad people are finally waking up to see how the fed's policies undermine capitalism and destroy the middle class despite their rhetoric to being the great savior of America and the public. Please, capitalism did fine since our inception, even when there was no central bank because the American people abolished it twice before.

Agreed one should look at the % of people in the workforce not the badly manipulated jobless rate the government is putting out these days. Sadly it is even worse given the number of people who claim self employed because it looks a lot better than I sat in front of the TV for the last 5 years or more.

Don't worry it won't be the same number after the correction. It is funny how positive people are at this small increase in employment after several rounds of deflating job gains from previous months. Talk about fixing the numbers after the fact. They have been doing this incessantly for years now.

The fact bankers are getting rich off zirp while everyone not connected to the funny money stream is the main reason why we can't get off zirp. They'd rather kill the economy that shut off the free money and that will happen naturally all too soon.

Sadly, the fed's method just leads to overpriced assets that fewer and fewer can afford and buy. This is a train wreck waiting to happen.

Yawn the stock had a correction. It's still overpriced because it remains heavily a brick and mortar recruitment site rather than the glamorous online persona it sells itself on when it comes to revenue and profitability. One needs to look deeper than the baloney that the brokerages issue when initiating a stock.

It is amazing Linked In grew revenue so strongly for so long, however, their model doesn't seem to extend to much more growth because it al reverts down to the ho hum world of brick and mortar recruitment.