Yeah, for economists....
Figures lie and liars figure. When the whole market is based on phoney money, what happens when the payments come due? I suppose they have not found a hockey stick chart to explain that one.
A huge correction is coming at us right now with the market starting to show signs of slippage from the diminishing outlays of QE. When it all ends, supposedly in October, the result is destined to be the poison needed for the dolts in our society to blame the Republicans.
I was told by a friend he is waiting for the correction to buy more. I asked him what the real value will be when he buys because it has all been kept afloat artificially and his belief that a correction down to 12K will be the bottom. Then I asked him what was the value before QE. He got this worried look on his face.
I wonder to what degree this 0.2% increase is directly attributable to the federal contract mandate via Executive Order to pay $10 an hour instead of the minimum wage.