If you invest in stocks, Ben Bernanke is your bestest friend. Pay cash for your stock purchases? Do not use margin to finance your investment portfolio? Think you are not leveraged?
Perhaps it’s time to rethink that position. Or at least take into consideration what is going to happen when Ben stops playing the QE game.
Green Line is the S&P 500 Stock Index
Yellow Line is the Total U.S. Debt Outstanding
Time Period is from January 2, 2009 until Today
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury