The FED wants asset inflation...and that is what it's getting...
The notion seems to be that Americans need asset inflation to "live on"....forget wages, jobs and production...
The obvious problem is that this is exactly the mindset that got us into the collapse of 2008...
ASSET INFLATION FOREVER...IS NOT AN VIABLE ECONOMIC POLICY.
Sorry...it's just that bad... I find the current "rally" to be very very pessimistic...for the long term US economy... Essentially the FED is admitting that there is no REAL ECONOMY in the US anymore...its all speculation...the Casino Lives!
The American Economy is stictly speculation on asset prices... with the FEDs "easy" play money...!!
