Two related articles caught my eye …
First, the Washington Post editorialized that:
The only part of the Obama economy that has flourished is Wall Street.
Only the trickle-down from the wealthy financial players, who have thrived off the conveyor belt of money as it travels from Washington to Wall Street, has had much of a positive effect on the economy as a whole.
Let’s break down the economic fundamentals.
First, a chart showing the “conveyor belt of money” …
Note that the M1 money supply increased from about $1..4 trillion in 2009 to today’s $2.6 trillion.
Shouldn’t a cool $1.2 trillion more in supply of money get the economy cranking into overdrive?
Here’s the rest of the story …
The Homa Files 