"...These guys have already done just about everything they can … pulled every trick out of their hats … and bailed out and backstopped virtually the entire financial system!
While all of that free money helped boost ASSET prices, it hasn’t done a heck of a lot for the “real” economy. Unemployment remains stubbornly high. Housing continues to slump. Investment is anemic and confidence is lacking.
In other words, the Fed is pushing on a string — and more pushing isn’t going to do a darn thing for those of us living in the real world! But since the market is focusing on the Fed again, let me address the question at hand …"
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