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THE FED FEEDS THE TAPE

|Includes:BAC, DBA, DBB, DJP, EEM, EFA, EPI, EWA, EWC, EWG, EWJ, EWY, EWZ, FCG, FDN, FXE, FXF, FXI, FXY, GAZ, GE, GLD, GOOG, GXG, HHH, IDX, IEF, IWM, IYR, IYT, KBE, QQQ, RSX, SLV, SPDR S&P 500 Trust ETF (SPY), THD, TLT, TUR, UDN, USL, XLB, XLE, XLF, XLI, XME, XRT

 

"So in the present circumstances, ZIRP and QE2 amount to a monetary Hail Mary.

There is no monetary tradition whatsoever that says the way back to U.S. economic

health and sustainable growth is through herding Grandma into junk bonds and

speculators into the Russell 2000."

 

David Stockman, April 13, 2011

Was there some really good news Friday to justify any rally? Oh, the CPI showed only "mild" inflation at the (wait for it) "core". The WSJ headline read: "Underlying Inflation Tame" which is hilarious! If...READ MORE

 


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