It’s almost entirely because of the trillions of dollars Bernanke has conjured out of thin air and injected into the banking/investment complex. It’s simply “reinflating the bubble.”
Precisely. But it has a political purpose. Democrats plan to ride a "record high year for the stock market" into the 2014 elections. When the market crashes later you can bet they'll blame "greedy Republicans" and the MSM will be happy to propagandize it, as usual. Liberal political success depends on low information voters.
- It’s almost entirely because of the trillions of dollars Bernanke has conjured out of thin air and injected into the banking/investment complex. It’s simply “reinflating the bubble.” -
It is Obama and his radical friends in congress who are responsible for out-of-control spending (and reinflating the bubble). The Feds printing money is the consequence of Congressional spending not the cause.