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Food Stamp Usage Hits New High Of 43.2 Million

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Tyler Durden
Zero Hedge
Jan 8, 2011

Ever wonder where all the money for equity inflows came from? Here’s the answer: with all the money saved from participating in the Supplemental Nutrition Assistance Program, better known as foodstamps, which in October hit a brand new record, 43.2 million Americans decided to join in on this “wealth effect” they had been hearing so much about and buy Apple stock. After all 190 hedge funds are doing it: and there is no way that 190 hedge funds can possibly be wrong. As a result, the chart below shows our nation’s pending wealth effect in its full glory. Just think: 43.2 millionaire in waiting. Just consider the guaranteed explosion to money velocity…

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This article was posted: Saturday, January 8, 2011 at 6:50 am





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