Thursday, September 13, 2012

Yeah! We love counterfeiting!

In the past couple of weeks both the European Central Bank and our own Federal Reserve Bank have announced plans to create money out of thin air for buying bonds and mortgages in order to stave off further economic contraction. The stock market jumped after the ECB announcement, but then quickly leveled off and resumed a new flat level.

We got another jump today after the Fed announcement - let's see how long this lasts.

No comments: