QE

Not Quite Noahpinion: Popping the "Bubble" Bubble:

 "Without a doubt, QE has been an incredible boon for financial markets. Backed by QE3, the SP500 stock index has risen by more than 12% year to date. Yet in spite of this increase in the stock market, overall real economic conditions remain relatively stagnant. Year over year inflation as measured by the core PCE price index ticks in at only 1.2% YoY, and last quarter's real GDP grew by only 1.4% YoY. This disconnect is a bit unsettling, because it suggests that bullishness in the stock market has failed to translate into broader growth. On this basis, some commentators, such as Frances Coppola, have argued that quantitative easing does nothing for the broader economy and worsens economic inequalities."

Maybe QE "does nothing for the broader economy and worsens economic inequalities" is because the wealthy elite in this country have setup a system that funnels the QE cash to themselves and not to the millions of people who really buy stuff.

'via Blog this'