Let's look at that claim a little more closely. The reasons being cited, in specific, are the Fed's holding interest rates down to near (or below) zero, and all of the
Given that, and given the fact that our economy is not improving, and the fact that we are seeing real inflation in the things we use most (food, fuel, dry goods whose costs are driven up by shipping costs which are driven up by fuel costs), and 60% starts to seem like it's a little on the low side.
An example: in 2000, I could buy a 1lb bag of lentils (my favorite legume) for $0.58. In 2010, that cost had risen to $0.98/lb. This year, it looks like I'm paying $1.18/lb.
And this is the inflation on a food which isn't popular. Meat has gone up more than that, as has milk, cheese, sugar, and frozen packaged dinners.
Gas has sharply increased in price in the last fifteen years. And I am not counting the year or so during which OPEC was fighting amongst themselves, and flooded the market with oil, bringing gas prices to below a dollar a gallon. No, I'm only counting since 2000, when we've had gas at $2/gallon. Yesterday, in SW MO, gas was selling at $3.27/gallon for 89 octane.
I will admit, part of the sharp rise in real inflation--the kind felt by your middle and lower classes--has been caused by sharp rises in minimum wage (which drives up prices that stores must charge to be able to afford their workers), but that isn't all of it, nor even the worst of it.
No, the worst part of the whole situation is that the number of dollars out there in circulation have risen sharply, which contributes more to the sharp rise in prices (which points to the dollar's decreased purchasing power) than the sharp rise of minimum wage.
This all adds up to a crash that will make 1929 look tame, because the dollar is not linked to anything but political promises. And we all know how reliable those are.
Yes, ladies and gents: we're fucked. Those who are retired are fucked harder than those of us who are fairly young. Those of us who are carrying debt are fucked harder yet, because the Federal Reserve will have to raise interest rates...which means debts will suddenly become far, far more expensive. Worst yet are people who are retired, in poor health, and relying on the government for income and health care. And those who are living in high poverty/high welfare rate areas, but aren't on welfare themselves.
Because if the rest of us lose out, where will the dollars government spends on that bunch come from? When our incomes decrease and/or dry up because of an abrupt economic contraction, so does the government's tax income, because no government is capable of producing their own income. They take ours.
And how do you think that the welfare leaches will react when the spigot runs dry?