The Fed is no longer interested in inflation, rightly so. They are explicitly targeting GROWTH, through GDP, which is a major change from previous policy decisions. Understand something, this economy is not beholden to the poor to middle class. All of you morality soldiers complaining about the great injustices to the middle class through inflation, as you cheat on your wives and steal from your employers, should shut the fuck up and stay focused on what really matters.
Tax receipts, fucked face.
The 2% represent 70% of consumer spending. The price of oil doesn’t mean anything to people making more than 250k per annum. I want you to learn from this experience and know what to do going forward. School is in session and Bernanke is at the chalk board, slapping shorts silly with cocaine laden erasers.
Asset inflation is the name of the game. Since our government is run by children, Ben is taking matters into his own hands. Why? Because he’s a fucking patriot, through and through, that’s why!
The Federal Reserve will inject liquidity into the markets, not to help employment directly, but to cause asset appreciation. With the Dow at 16,000, the Fed is betting that “the wealth effect” will ripple into the general economy, helping to improve tax receipts and eventually pay down the national debt. All of you buttfuckers who are opposed to the Fed just don’t get it. Plus anyway, none of you are qualified to offer financial advice in these parts.
Immediately following the Fed announcement, I took 30% of my assets held in cash and allocated it into ANR, AKS, ESRX and DDD.