Friday, January 25, 2013

What Did $3 Trillion Get the Economy Since 2009?

Well, the Fed has been very productive in pouring trillions of dollars into the economy.  And, who has really benefited from such a massive scale of liquidity?  Well, it has not been Main Street.  Simply look at the following chart and you will quickly notice that since 2009, non-farm payrolls (job creation) and real the growth of GDP (income levels) have significantly lacked behind the growth in food-stamp participants and the stock market.  Now, who has benefited from the Fed's outpouring of printed cash?  Of course, it is Wall Street.  But, then again, the answer should not surprise anyone, because the Fed and Wall Street are really one in the same.


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