Michael Snyder, Contributor Activist Post
You can thank the reckless money printing that the Federal Reserve has been doing for the incredible bull market that we have seen in recent months. When the Federal Reserve does more "quantitative easing", it is the financial markets that benefit the most. The Dow and the S&P 500 this month have both hit levels not seen since 2007, and many analysts are projecting that 2013 will be a banner year for stocks. But is a rising stock market really a sign that the overall economy is rapidly improving as many are suggesting?
Of course not. Just because the Federal Reserve has inflated another false stock market bubble with a bunch of funny money does not mean that the U.S. economy is in great shape. In fact, the truth is that things just keep getting worse
for average Americans. The percentage of working age Americans with a job has fallen from 60.6% to 58.6%
while Barack Obama has been president, 40 percent
of all American workers are making $20,000 a year or less, median household income has declined for four years in a row
, and poverty in the United States is absolutely exploding
. So quantitative easing has definitely not made things better for the middle class.