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January 6th, 2016 
Awake Goy We’ve noted for years that Fed policy is aimed at boosting stocks, as well.
Today, the decade-long former president of the Federal Reserve Bank of Dallas – a voting member of the the Fed’s principal monetary policymaking group (the Federal Open Market Committee) – admitted (full interview):
What The Fed did, and I was part of it, was front-loaded an enormous rally starting in 2009 … in order to create a wealth effect…
I wouldn’t blame [the declining stock market] on China.
***
An uncomfortable digestive period is likely now.
Indeed, only higher income brackets ever liked the Fed’s “wealth effect” policies.
Source Article from http://feedproxy.google.com/~r/blacklistednews/hKxa/~3/Z5yBG_5D0Ck/M.html
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