We have a stock market reacting only to Bernanke pumping more electronic digits into the banking system. It is not reacting to an optimistic future of business conditions causing the value of the companies stocks to rise. A nation of fed stimulus junkies investing is not a path to long term wealth and prosperity.
Bernanke is doing it because our government can’t get their act together to take the necessary steps to save a sinking ship.
Cool.
Those who have enough money to play the QE game should be happy, but millions of people feel the squeeze in living expenses every time the Fed infused market jumps. Bernanke probably hasn’t noticed, but salaries and wages haven’t gone up in four years, (unless you are a Fed employee, like people Ben may know) and overall they are down. Bernanke might as well be clubbing people over the head, and stealing their grocery and gas money. It would be more honest.