Bears annihilated = crash coming
US Economy is the envy of the World - What country are you in? The Bears have been annihilated - right the Chicago Bears are losers in football. ( I know what is meant - the stock market - but the stock market is being boosted by the Feds to make it look better than it is really is) Look around more and more business are shutting their doors. Small towns are cutting services and more homes are being abandoned.
There are some real ominous undercurrents to this, however.
For example, consumer food products, in many cases, have gotten sudden “dollar inflation”. That is, suddenly prices for many processed goods have jumped $1 each. However, at the same time, other goods, especially some produce, are experiencing strong deflation or inflation.
For example, for the last five years, the price of potatoes per 100 kg, has vacillated between $1,300 and $300, at least twice. In the last few months at the retail level, Russet potatoes could be bought at 10 pounds for a dollar.
Something is happening here, but what it is is not exactly clear.
any supposed economics article which begins with “Friday’s strong jobs report” is bound to be Bullsh*t!
It is going to burst...
There are 5 million homes in distress, whether by delinquent payments or foreclosures that are not even on the market. The banks are trickling millions of others to put a floor on pricing. wiesenthal is whacked out.
More?
Half of those under 34 are unemployed or underemployed. That demographich happens to be the big spenders but they have nothing to spend.
The work week continues to shrink, this time to the tune of the equivalent of 700,000 workers laid off.
Income is declining proportionately while spending remains steady.
This is the formula for disaster.
And I’m not a bear. I think the market will continue to rise for a while. How long? Ask Ben.
How do you define irrational exuberance? When the economic data is good the market goes up based on the fundamentals of profits and sales. When the economic data is bad the market also goes up because of Big Ben and the printer.
If only.
5.56mm