Here’s something to cheer you up. NOT! Ready for QE3?
The stock market has risen almost exactly as much as the dollar has declined during QE2 – that’s a net zero. If you’re a trader or investor the change is negative since you must pay taxes on your gains. That is, economics follow the thermodynamics principles that state that there’s no such thing as a free lunch; all economic processes involve “loss” (from your point of view anyway.) If you’re not a trader it’s even worse as the impact on the price of everyday necessities has been extreme, while incomes have not risen materially at all. This has transferred more and more of the common man’s “needs” to the Federal Government, which has responded by writing more and more checks into a deteriorating balance sheet.