Wall Street Expects Fed Money Printing

From Bloomberg:

Stocks surged on Tuesday, with the S&P 500 and the Nasdaq up more than 2 percent, as buyers emerged before a highly anticipated address by Federal Reserve Chairman Ben Bernanke later this week.

Technology and other growth stocks drove much of the market’s gains, with the S&P Information Technology Index .GSPF up 2.4 percent.

A weaker-than-expected reading of the U.S. housing sector was the latest in a string of discouraging data that has raised expectations the Fed will take measures to prop up the economy…

Also hoping for a bit of Fed printing would be Obama and his Democrats…because only a boatload of “free” money can keep our financial system from falling apart over the next month or two, leading to a pretty bad recession.  Thing is, I don’t know if it would work – or, at least, work well enough to keep us out of official recession through the 2012 election.  A lot of observers are figuring that Bernanke has shot his bolt…all he can do by printing at this point is massively stoke inflation by killing the value of the dollar.  And, of course, even if Bernanke and the Banksters keep things afloat through 2012, it would be just scheduling a massive recession for 2013…that wouldn’t bother Obama, of course, because by then he’ll never have to face the voters again.

We’ll see how it comes out – but do note with care the sickness of our financial elite….hoping that the government will essentially steal your money via inflation in order to bail them out.  Gigantic reforms need to be undertaken to create a free, transparent market where Wall Street gamblers are replaced by careful investors.