ITS ALL ABOUT "THE BERNANKE PUT"...NOW
AS LONG AS THE PUT HOLDS...THE ECONOMY CAN TREAD WATER...AND ASSET PRICES...AS MEASURED BY STOCK PRICES...TREAD WATER...
LITTLE CAN BE DONE FOR THE REAL ECONOMY NOW...EXCEPT TO HOPE THAT IN SOME WAY DEMAND RETURNS...NATURALLY...BUT WITHOUT JOBS THAT WILL BE A PROBLEM...
