THE BIGGEST PROBLEM WITH THE US MARKETS IS NOT THAT THE FED IS NOT ACCOMEDATIVE...
IT'S THAT THE FED HAS BEEN DOING WALL STREET BIDDING FOR TOO LONG!
THE FED SHOULD JUST THINK ABOUT THE REAL ECONOMY...INFLATION AND THE VALUE OF THE DOLLAR AND TELL THE SPECULATING CLASSES TO GET LOST...!
TODAY WAS YET MORE PROOF THAT THE FED WILL NEVER SATISFY WALL STREET'S INSATIBLE DEMAND FOR EVER MORE ASSET BUBBLES!!
THE PROBLEM IN THE US ECONOMY NOW IS NOT...LACK OF LIQUIDITY...BUT HYPER LIQUIDITY! EVEN A "LIQUIDITY TRAP" AS SUGGESTED BY KELLNER BELOW...!
CONSIDER: WITH MOST MONEY CONCENTRATED IN THE HANDS OF THE WEALTHY FEW...WHERE CAN MORE LIQUIDITY GO...?
THE WORKING CLASSES WOULD SPEND THE MONEY ON MAIN STREET...
THE WEALTHY...INDEED THE HYPER-WEALTHY..."INVEST" THEIR MASSIVE EXCESS CASH...MOSTLY IN THE COMMODITIES AND CURRENCY MARKETS NOW...WHICH IS HUGELY INFLATIONARY FOR THE REAL ECONOMY!!
WHY SHOULD THE FED HELP THESE MEGA-RICH HYPER-(ASSET)INFLATIONISTS!!
