The federal reserve printing $188 million od debt pe rhour.
And the recovery rolls on....
As Mark Grant so poignantly reminded us yesterday, the Fed is printing $188 million per hour. That is the cost of Dow 14,000 -- that is the price we pay to see Jim Cramer and company consecrate the new bull market via impromptu CNBC specials. This hourly rate is of course implied by the $85 billion of assets the Fed now buys each and every month. Why $85 billion? The official answer is that given by the FOMC in December:
"The Committee remains concerned that, without sufficient policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions. Furthermore, strains in global financial markets continue to pose significant downside risks to the economic outlook. "
wait till gold is unreasonably low, the big boys will short the heck out of stocks and steal the rest of the gold.....that's why all the money managers are telling retail to buy gold now,,,,retail always buys high before the whales gobble them up