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Friday, September 20, 2013

Doc Zero: They have one hand in our pockets, and the other one is making a margin call

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The stock market is just about the only positive indicator to rise above the frozen tundra of the Obama economy. GDP is flatlined; the workforce is collapsing; every flicker of life in manufacturing, consumer confidence, or housing is quickly extinguished; but the stock market has been doing quite well.

One big reason the stock market has been doing well is the "quantitative easing" program by the Federal Reserve, which is basically printing bales of money and dropping it off at the stock exchange. It's like running an extension cord from the Dow to Washington and plugging it into the Federal Reserve.

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