The theory seems to be the money printing will goose stocks and asset prices and that will "trickle down" as new jobs eventually...
But this is an admission that the economy is totally bubble dependent ....
Any consumption will have to come from a "new bubble"...not from wages or real production...or God Forbid real exports...
This "bootstrap" theory of Keynesian Economics is all that is available to the US now... since there is no real underlying "productive economy" to stimulate...!
ITS ALL BUBBLE BASED NOW...
And that is the best reason to avoid stocks ....buy gold and forget it...
It will all shake out in 5 years...as inflation... Most people realize this which is why this new "miracle market" is not getting any press coverage...
No one really believes it...
Obama is really stuck with the Bush/Greenspan Depression...and there is little he can do to reverse it... The old tools just won't work in this toxic, bubble based...Zombie Economy....
