Please pass the Kool-Aid

Yes sir - there is absolutely NO CONNECTION whatsoever between rising prices, a soaring stock market and Quantitative Easing. It's all the weather, those nasty protests and unrest across MENA and the terrific housing and labor markets.

Oh, and one more thing - there is no inflation as a result of QE - it is just the fact that there are rising commodity prices???????

I don't know which is worse - the outright distortion and spin or the fact that these guys get paid a salary for vomiting out this sort of repulsive nonsense.

Keep in mind that it was Bernanke himself who when announcing the justification behind the second round of QE stated that it was necessary to produce inflation in the economy and fend off deflation.

DJ Fed's Lockhart: Bond-Buying Program Not Boosting Inflation
By Alan Zibel

  Of DOW JONES NEWSWIRES


  FORT MYERS, Fla. (Dow Jones)-- Federal Reserve Bank of Atlanta President
Dennis Lockhart said Friday that the Federal Reserve's $600 billion bond-buying
program has not resulted in rising prices.

  Projections of inflation directly stemming from the Fed program that's due to
wrap up in June, "really haven't materialized." Instead, he said higher costs
for food and energy in recent months have been the result of turmoil in the
Middle East and rising commodity prices.

Consumers' expectations of higher prices are rising in the short term, he
said.

  "When you see your money clicking away at the pump, it makes an impression,"
Lockhart said in response to a question at a business conference at Florida
Gulf Coast University. Long-term inflation expectations remain stable, he said.

  The Fed is currently embarked upon a second round of asset purchases that was
announced in early November and is set to be complete in June.