Inflated stock market value=illusion of improving economy.
The Bush-McCain-Paulson bailout sucked!
Ferguson, Rogoff: Bloomberg Surveillance Panel
Rogoff and Niall Ferguson from this past Weds on Bloomberg, it runs about one hour but the message is clear.
Excellent extended panel discussion that brings many threads in the financial media together.
These idiots always crow about the 50% jump in stocks since March, but never fail to mention it came on the heels of a much larger decline since November 2007, which was engineered to get the liar in chief installed.
I couldnt agree more. Rabs pinged me this one.
I am guessing that we are soon near the point where the dollar drops faster than the stock market rises, if not already there. Is the suckers market rally over??? One hell of a rally.
“And it’s not a matter of political affiliation, as Kudlow explained. Both President George W. Bush and Obama got it wrong. Who got it right? Presidents Bill Clinton, a Democrat, and Ronald Reagan, a Republican.”
Slick Willy should get NONE of the credit. He created the housing bubble after the tech bubble burst. And he balanced the budget by slashing the military, which Bush had to rebuild after 9/11.
And whatever good Slick Willy did was because of 2 turns of the screw: 1. His insanely LEFTIST policies early on brought the Republicans to power in the houses, and 2. Monica Lewinsky forced him to run to the middle.
Make no bones about it, if it hadn’t been for losing the house and his lack of self-control, Slick Willy would have tried to implement all of the same socialist policies that Obammie the Commie is attempting.
The USD strengthened last week and sure enough the stock market went down. So did gold and silver. Stronger USD implies higher interest rates now or in the future which also hurts gold and the markets in the here and now
COMPLETE smoke and mirrors!
The people pumping (and pimping) for the stock market are whistling through a grave yard, and they know it. They just are hoping no one realizes it, because if people did, the market would fall like crazy.
You know why the stock market hasn't collapsed already? Free money from the Fed with no risk. That ponzi scheme won't last forever, and when this house of cards comes down, it will make September 2008 seem like a walk in the park.
The stock market rally is being inflated by easy Federal Reserve money
Stock Market Forecast S&P500 1400 by End 2010, and 400 by 2014
And this.....a second mortgage shock.