Posted on 07/06/2020 2:44:19 PM PDT by John W
“If Biden wins you will get your wish.”
Where did I say that I wished for a market crash?
As I indicated earlier, I want honest money, honest markets, where balance sheets and cash flows matter.
The entire world is awash in fraudulent fiat money, since the early 1970s, and awash in debt which will never and can never be repaid.
The fed balance sheet has increased by several thousands of billions of FRNs in the past few months. This is inflationary and is driving up the stock prices, as investment firms, and the world, for that matter, front-run the Fed.
Without the petro-plan we would be above Wiemar levels 12 years ago which explains why some foreign entities are trying to break that scheme up. Right now it’s curtailing inflation as well as banks limiting monetary volatility.
Fundamentals/savings are long gone; embrace modern monetary theory and practices because that is where we are heading to (And probably ending at).
“Dow surges 459 points, Nasdaq clinches fresh record close, despite concerns of economic toll of unfettered U.S. virus cases”
Need a more accurate headline
Commie apes at Marketwatch upset that market surges despite Kungflu propaganda
[[[[But Monday’s gains also came with growing doubts about the ability of the U.S. to contain the viral outbreak and its economic fallout, after COVID-19 cases climbed across the U.S. over the Fourth of July weekend.]]]]
The obligatory piss in the corn flakes by the pressholes.
“I would prefer an honest market.”
The market has always been based on factors that the average person (I include myself sometimes!) just doesn’t understand.
But someone might help me with something that has bothered me for a long time. Back when I was in college (when they actually taught something) I was taught that when large amounts of money being pumped into an economy causes inflation. The perfect example was the Weimer Republic in pre-Hitler Germany. They tried to get out of debt by running the printing press overtime pumping out money. But in recent years there has been little inflation even though the Fed has been doing much the same thing. I know that someone will tell me that this is a dumb question, but could anyone help me here?
The problem with the inflation number is that the government calculates it, and its calculations are rigged in its favor (so it doesn't have to give COLAs to social security recipients).
For an honest accounting of inflation, for real world items that you and I buy, visit:
https://chapwoodindex.com
“Why won’t they listen to us!!!” It’s killing them that we see right through the Faudci lies and don’t give a damn what the media says.
But in recent years there has been little inflation
We have tremendous inflation. There are exceptions to inflation don’t focus on them.
Why is the stock market up? more money chasing few stocks. There is no discussion of those companies being profitable only perception.
if you want to understand the economic situation read The Vampire economy, easy read and downloadable here:
https://mises.org/library/vampire-economy
Only the insane and the Fed are buying this market.
Only the insane and the Fed are buying this market.
It was worth repeating.
The fundamentals say at least a 30% drop to match earnings.
If money is not released into the “wild”/”the market”, inflation can be curtailed (Through quietly/strategically “hoarding”). Wiemar had a lot of variables but some (Emphasize some) of the variables could exude upon other countries (Even with viable central banks/bonds/commodities).
I agree with you.
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We have tremendous inflation in what exactly?
Where is the inflation at?
We are supposednbelieve the polls which say Biden is leading.
Biden is the guy who promises to:
Increase taxes
Increase regulations
Increase capital gains taxes
Yet we are supposed to believe the market is bidding up stocks to record levels because they see this clown being elected?
The Chapwood index shows about a 10% annual inflation rate over the past 5 years. Whether this figure qualifies as “tremendous” is up for debate.
These are the real inflation indexes from the federal government.
Two different price indexes are popular for measuring inflation: the consumer price index (CPI) from the Bureau of Labor Statistics and the personal consumption expenditures price index (PCE) from the Bureau of Economic Analysis.
The annual inflation rate in the US eased to 0.1% in May of 2020 from 0.3% in April.
https://tradingeconomics.com/united-states/inflation-cpi
Inflation is virtually non stop existent right now.
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