re: Rick Santelli goes bonkers attacking QE and the fed

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Well, what you were saying was wrong, and suggested an out-of-date understanding of the policy. You're correct in that the correction is not central to the issue of the policy's usefulness or effectiveness.

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Well not that out of date you yourself said they only stopped pumping $85 billion a month in late 2013, that's not even a full year ago.

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How can it cause one's portfolio to go up if "All that QE pumping did was devalue the dollar"? Are you saying the resulting inflation has offset the stock market gains such that the real gain has been 0?

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The gain is definitely 0 to people such as myself who don't have any stock. That's why I say all it did was devalue the dollar.

And that the people with portfolio's don't care about that as long as they've personally come out ahead. Hey free inflated dollars is better than no free dollars I guess is the way they look at it.