Dick Bove has drawn up this handy diagram, via Alphaville, to show how the expanded money supply from the Fed is inflating stocks.
It’s simple, but useful, and it makes sense.
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See Also:
- Dick Bove Goes Glenn Beck: Compares Obama To Hugo Chavez And Warns Of A Huge Crash
- Dick Bove: Taxing Big Banks Is Akin To ‘Expropriation Venezuelan-Style’
- The Federal Reserve Printing Press Destroyed Your Wage Gains Last Year