re: Rick Santelli goes bonkers attacking QE and the fed

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Increased asset prices makes holders wealthier- which in turn stokes consumption and investment (and by a greater degree than it harms savings!)- unless directly offset by inflation.

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Which asset prices have increased? There are all sorts of assets and a lot of them have lost value.

I don't see how that stokes consumption anyway other than maybe from the guy who owns the assets. If I hear my neighbor that he has a condo as an asset that's now worth more to him that's not gonna make me go out and spend more money. It doesn't even necessarily mean he's going to spend more.

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Even with QE, inflation has been below target and trend, and remains so. It was in fact higher before QE1 was a thing!

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I don't believe the inflation figures anymore than I believe Obama's job figures. Those numbers are manipulated by the very people who are profiting from the QE.

Can't defend it forever though, it's a bubble and it will pop at some point.