The stock market is now a Federal shell game. Past performance is meaningless as an indicator, since the Fed started pumpint $89 billion a month into it.
Here is what we know:
1. Without constant and likely increasing QE from the Fed, the market would collapse.
2. Constant or increasing QE from the Fed only has one possible outcome, which is hyperinflation and destruction of the economy.
3. Things that cannot go on for ever don’t.
Chapter XI
STOCK EXCHANGE AND
SPECULATION UNDER FASCISM
THE Berlin Stock Exchange still exists—as a building,
as an institution with large offices, with brokers and
bankers, with a huge organization for daily announcement
of stock and bond quotations. But it is only a
pale imitation of its former self and of what a stock
exchange is supposed to be. For the Stock Exchange
cannot function if and when the State regulates the flow
of capital and destroys the confidence of investors in
the sanctity of their property rights.
from the book “the Vampire Economy”
Here is what we know: the Progressives in control of our government have manipulated ALL of the Leading Economic Indicators in order to prop up that odious charlatan in the White House. They have no shame because in their world everything “depends on what the definition of ‘is’ is”.