TrimTabs CEO: Fed creating $4 Billion a day via keystrokes, but individuals not doing well

In an interview on Breakout, Charles Biderman, Founder and CEO of TrimTabs Investment Research, made the following comments:

The Fed is creating $4B each day via keystrokes, $85B a month. And they're using that phony money to buy financial assets. And as that $4B a day goes into the system, there's more money looking to buy assets. And so, prices of everything go up. As long as people believe that the $4B of fake money is real money. ... There's no hint that the economy is improving. We track real-time data on income tax collections and so we saw a little pickup, actually, in early March but now we're seeing a slowdown. Nominally, wages and salaries are growing less than 3 percent year over year. ... After inflation, take home pay by everybody who has a job is not growing. So, you have a record stock market because the Fed is pumping big bucks and companies are shrinking the float, but individuals are not doing well.