A year and a half ago, we posted He's dead, Jim, showing that the ratio of the stock market to the Federal Reserve's balance sheet had absolutely flatlined, meaning the correlation of stock prices to Dirty Fed money-printing was essentially perfect.
Now with the Fed promising to halt QE this month, we thought an update would be highly relevant.
Still dead! The stock market has flatlined down 75% from its 2000 peak in Fed balance sheet terms.
Does the impending end of QE mean the end of asset price appreciation? Would asset price stagnation or declines bring Janet back to the Ctrl+P button?
Body Count goes to Vegas! Ernest Scherer III was a Vegas loser who fancied himself a professional poker player. Doesn't that photo t...
UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a...
I talk a lot about inflation. But today was the first time in my life I actually used a dollar bill as toilet paper.