' the last time the dow was here... ', page-7

  1. 4,600 Posts.
    Cheap money, while Ben can keep the interest rates at near zero more funds flow into the market and into stocks paying 3% plus

    Where else are you going to put it?

    The entire market rally since 09 is all built on QE, nothing to do with fundamental economics, US is still in dire straights though for some reason they keep pointing at their improved housing market, again that's only due to cheap funds not improving economy.

    One way or the other longer it goes on the harder the fall when it eventually comes. Bens Kamikaze Keynesian QE experiment/gamble will go down in history as one of the most reckless monetary policies in modern times imho.

    And all it will of achieved is making the like of us richer since none of that wealth created will ever trickle down.


    Kat..
 
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