Monday, January 17, 2011

Quantitative Easing & The Market

Here is an interesting chart from Free Gold Money showing the S&P 500's near perfect correlation to the US Federal Reserve’s money printing activities a/k/a “quantitative easing”.

"The S&P Index and other stock indices like the Dow Jones Industrial Average are not rising because of better economic conditions or an improved outlook for economic activity.  Stock prices are rising because of money printing, just like they did in the early days of the hyperinflations in Weimar Germany, Argentina, Zimbabwe and every other country ravaged by misguided government and central bank policies".

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