Bogus GDP: Another Excuse for the Fed
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January 30, 2013 - 8:07pm
Fedbucks Don’t Buy What They Used To; and A Few Observations, Including the Bogus GDP Report
by Lee Adler, Wall Street Examiner
Back in the good old days, 2003 to 2007, about $600 million in Fed balance sheet expansion would buy a 1 point increase in the S&P 500. Since 2010 the cost of one SPX point has been about $1.75 billion.
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