There's a lot of chatter on the airwaves about the billion dollars – – a record – – that's going to have been spent on the 2012 Presidential campaign (let me save you the suspense: Obama is going to win in an electoral landslide, thus meaning the billion dollars was a total waste, and the POTUS is going to ramp up his plans for his risk-free final term in office).
The actual money spent by Obama to secure his second term is more along the lines of nine trillion dollars, if the money-printing bonanza by the Fed is any guide. I hope he enjoys his second term and that it's worth every penny.
One thing we can all agree (except for the blind among us) is that the impact of all this easing is getting weaker………and weaker……….and weaker. Just look at the withering-away of the leaps tinted below. The frustrating thing, of course, is that with a permanent bid under the market, the "selloffs" (if you want to call them that) don't last any more than six days, tops. Just when it seems things are starting to rock 'n' roll, we flip back up again.
