I am thrilled to see that you’ve taken my advise and ceased your worry about “inside baseball stuff” like deflation and other economic nightmares.
After the worst week of the year for equities, a miserable year for anything economically sensitive like “metal” and the worst week for gold, silver and copper in decades, we are enjoying our best week of the year in all of the above.
European economies are plunging but their markets are soaring. Precious metals have rallied sharply. American indices are the number two performer in the entire world this year, right after Japan, and they are about to make new half-decade highs as the month ends.
Stocks routinely gallop or plunge 10-20% a day on no news. Lagging groups are now leading. Everyone is breathing a giant sigh of relief that there will be more free money forever.
Funny, while the markets were correcting there was a different FED HEAD Jawboning every single day. Now that the market is rallying, they have receded into the woodwork.
Someone wrote this week that the world has become a giant accounting fraud. Let me add that it is also a giant insider trading scheme perpetuated from the highest reaches of government. And we in the ever-shrinking world of finance, are only to happy to abide.
In fact, we depend on it.
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Yeah, well, that’s just like your opinion, man
and all that so called “side line”money,thats and even bigger hoax. goldmans mantra should be,”we dont need no stinking side line money. and with that,they will still shill the existing player money,till all of it becomes theirs…….
Exactly. What a mess.
When it finally all blows up and debt cannot be collected upon..there will be a war. I wonder where the spark will be?
manipulation is temporary. everything trades on supply and demand and you can only manipulate one or the other for so long. See Japan.
I don’t think I see a Japan scenario just yet for the US…. And the problem is more global. Including US and all of Europe and STILL Japan. Someday, perhaps in 5 years or less everything goes.
Afterall there’s only so much debt the entire world can get into before they cannot use debt as a tool for creating growth any longer. Everyone assumes they will indefinitely be able to pay back debt with cheaper dollars. Not the case. Capital will flow towards the bond holders and regardless of which economy you look at, some of those bond holders are foreign, and they just cannot indefinitely manipulate the demand. Even so, the dollar will be the last of the 3 to go. Eventually you can’t pay it back and people leave. You can try to delay the inevitable but it eventually happens. Everyone around the world is doubling down and betting on indefinite growth. History shows that doesn’t always occur. For now, everything is fine….
until it isn’t.