Both gold bugs and stock market bulls are counting on the Fed to come through with another economic stimulus. And it probably will. But the money won't benefit those who really need it.
Not much follow through in the stock market yesterday. The Dow was up…but only 46 points.
We long for clarity. For a day of reckoning. But it seems far in the future. Yesterday, the world waited for Mr. Bernanke to reveal his intentions. Instead, he said he was keeping his options open.
That was good enough to keep some steam in the stock market. But not enough to keep gold going up.
Both gold bugs and stock market bulls are counting on the Fed to come through. And it probably will.
We saw yesterday how the 1% got to be so rich. The feds — aided and abetted by consumers and the financial industry — bubbled up the amount of cash and credit in the US by 50 times in the last 50 years. Read full story: Stimulus won't save the economy - CSMonitor.com