The Current FReepathon Pays For The Current Quarter's Expenses?
Copper Futures Are Getting Destroyed In Another Asian Commodities Rout (Dr Copper)
Anything of any true, usable value is dropping while fairy tale pieces of papers and digits keep going up. What could go wrong?
This is because - due to the ONLY retirement plan left being a stock-funded/stock-forced-buy IRA/401K/company stock-matching - you MUST purchase stocks everyday, every month, every year REGARDLESS of whether the overall price of stocks is going up, going down, or over-priced entirely!
Thus, the PRESENCE OF MONEY (going into the market) is driving the price of stocks up, regardless of whether or not the “worth” of the stocks (the so-called “companies” being purchased as shares) that is being purchased is worth their prices.
The Current FReepathon Pays For The Current Quarter's Expenses?
Its not Dr. Copper - its Mister Federal Reserve
The market and the economy went out of synch the day the words “I’ve abandoned free market principles to save the free market system” were uttered.
Milton Friedman said this 30 years ago
The Feds mandate us to create bubbles. They are very good at it.
Copper, am industrial metal, is under-utilized and under-valued because industrial production has flat-lined. The tidal wave of money from the Fed poured into oil and stocks and not into new structure or business growth. Stocks are a facade for the hollowed husks remaining.