10.16.2014

Zimbabwe Jim to the rescue

Two weeks ago, we pointed out that the only thing making stocks go up was Fed money-printing, and asked, "Would asset price stagnation or declines bring Janet back to the Ctrl+P button?"

Magic 8-ball says, "It is decidedly so."
The Federal Reserve should consider delaying the end of its bond purchase program to halt the decline in inflation expectations, said St. Louis Federal Reserve Bank President James Bullard.

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Mmmkay....

President who usurped Congressional spending authority to issue an executive order handing out hundreds of billions of dollars right before ...