by Rick Ackerman
Tuesday’s sharp rebound in stocks after two days of Brexit-induced selling may be premature, since it’s going to take a while for Wall Street to figure out that the vote will have only a limited impact on Europe’s economy, let alone a big impact on America’s. In the end, however, a practically unlimited supply of central bank funny money will overcome such ostensibly niggling concerns as political instability, weak corporate earnings, the rise of global terrorism and a November election that threatens to put either a no-nothing jackass or a pathological liar in charge of the world’s biggest economy. Does anyone actually think this will matter to the fund managers and paper pushers who have finally perfected the financial version of a perpetual motion machine? Did AIDS stop orgies?