“This is incredibly wimpy,” David Kelly, chief market strategist at Morgan Stanley, told CNBC.
The Fed said it was unsatisfied with the pace of economic growth and felt the timing was not right to make a change in quantitative easing.
They need to go back and read Chapter One of their economics textbooks.
Economic growth does not come from fiat money being pumped into the economy. It comes from the chance to make a profit.
Right now, with the coming of draconian environmental regulations and Obamcare, there’s absolutely no chance to make a profit.
This is unreal. Economic growth is crippled by all the debt, and the fed's answer is to continue growing all the debt?!?
As Rush pointed out yesterday, this is feeding into a huge stock market bubble. When that bubble pops, it is going to hurt.