[Alberta's Child]

The markets are up because the Fed's whole quantitative easing ("QE") program is aimed specifically at propping up the U.S. stock markets by: (1) artificially suppressing the cost of borrowing, and (2) reducing the returns on many investments that are alternatives to the U.S. stock market (U.S. Treasuries, for example).

This is how the stock market grows even while the U.S. economy declines by almost any other objective measure (employment, income, productivity, etc.).

I'm not a "gold bug" and I don't advocate for or against any specific type of investment, but this interview is a must-read for everyone on this thread:

The Emperor is Naked: David Stockman

[silverleaf]

That is a GRAAT inteview
Stockman is a really interesting guy, amazing to hear stuff like this coming from a former OMB Director:

Quote:

TGR: Finally, what is your investment model?

DS: My investing model is ABCD: Anything Bernanke Cannot Destroy: flashlight batteries, canned beans, bottled water, gold, a cabin in the mountains.

TGR: Thank you very much.

End Quote

[silverleaf]

That is a GREAT interview
Stockman is a really interesting guy, amazing to hear stuff like this coming from a former OMB Director:

Quote:

TGR: Finally, what is your investment model?

DS: My investing model is ABCD: Anything Bernanke Cannot Destroy: flashlight batteries, canned beans, bottled water, gold, a cabin in the mountains.

TGR: Thank you very much.

End Quote