Broad Oak: your emotional support animal

Sunday, September 13, 2009

What's good for the [Dow] ISN'T good for the country

Jesse: It is possible that the Fed monetizes sufficiently to reinflate an equity bubble, essentially whoring out the Dollar and the real economy for the sake of the financial or FIRE sector.

This is what I have been thinking - that the stock indices are now fundamentally disconnected from the health of the economy.

1 comment:

Paddington said...

He's absolutely correct, and it started in about 1980.