Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Yahoo Tech Ticker has a quick interview with what I call “the godfather of financial blogging” Barry Ritholtz of The Big Picture. This interview was prior to the economic data Friday, after which Barry downgraded his chances of a recession materially. However, the economy is not the stock market and with every major central bank now on ‘ease’ mode, investors simply are clinging to the easy to embrace “monetary spigots on = risk on.” (as an aside we should expect a new round of QE from the Bank of England Thursday).
All the free money the Fed and the European Central Bank are pumping into the system is flowing straight into asset prices. And for now, anyway, this ocean of cash is drowning concerns about fundamentals.
6 minute video – email readers will need to come to site to view
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