The Gov't printing money to pump up the stock market is like hiring homeless people to fill up mcdonalds and eat all their burgers so they can stay busy. Eventually, people are going to notice the smell.
yep bread is about $3.59-$4.00 depending on if it's whole grain etc etc, you can get the cheap white bread store brand for $1.50....but I would rather pass. Prices at the stores have gone up quite a bit and the other thing I noticed over the years is that as price moves higher the quantity drops, I have noticed this with ice cream, yogurt, cereal, etc, etc. You can easily spend $100 without a problem today.
Looks to me like the government did prop up the stock market yesterday. How else can you explain a 180 point rise in the Dow in the final two hours of trading? How convenient that not only did the day manage to close with a gain, but the week closed above the psychologically important 10000 mark. Look at it another way. The stock market and the US dollar have had a very strong negative correlation for over a year. Yesterday the US dollar gained over half a percent. So what did the stock market do? It went up, of course! Now don't get the idea that I'm someone who got caught short when the PPT came in and now I'm griping about it. I don't day trade, nor have I had any short stock positions whatsoever since last summer. Nor am I someone who buys into 911 and Area 51 conspiracy theories. But when I see something like yesterday that works with such a perfect setup, I have to wonder if it worked so perfectly because it was engineered that way. Bettles
The question assumes governments always are fully in control of stock markets and can inflate them at will, purely at the push of a button. If that were the case why is the Nikkei 20 years after it peaked out still 75% below its peak?
of course its engineered... but its not the goverment that does it... its aliens.. they are ready to invade and to fund the invasion they are buying low and selling high... bastards.
Glad you pointed this out Eliot. Every dollar that is "printed" for our gov'ts benefit by the Fed, has to have interest paid on it. So, in the long run, it is always better not to print money.