Heaping on the (Stimulus) Seconds

A recent report from Goldman Sachs indicates the Federal Reserve may be launching a brand new asset-purchase program in November in a desperate attempt to revive the still faltering economy. This despite widespread recognition the stimulus and bailouts to date have failed to show any long-term boost.

With dollars being thrown around in copious amounts the old greenback is bound to weaken, a victim of the kind of oversupply only still more stimulus could make possible… at least it makes for another satisfied, if federally-dependent, customer.

The Daily Reckoning