a look at FedSpeak and the market…
Highly recommend… I have been trying to figure out this stock market and this post provided some clarity…
FedSpeak Translation - There Is No Recovery
So why is the stock market up so much?
That is an overlaid chart (as close as I can easily get them to register) on the dollar and The S&P 500 from the March lows to today.
The rally in the market has exactly nothing to do with the economy and the outlook for it.� It is tied to one and only one thing - the decline in the dollar.��
A WEAKER, EVEN COLLAPSING, DOLLAR IS NOT COMMENSURATE WITH OR INDICATIVE OF A STRONGER ECONOMY.
Since March The Federal Reserve and Federal Government have in fact promulgated and prosecuted policies that do the exact opposite.� The stock market has responded not to forward economic prospects, as is often claimed, but rather to the “hot money” flows of foreign and domestic speculators and�a dollar-based carry trade engendered by The Fed’s zero-percent interest rates.
Bernanke, Geithner and the other stooges in our government and media are intentionally misleading you.
Read more at market-ticker.denninger.net
To leave a comment:
2 Comments 1 Recommend
3 Responses
Re: http://amplify.com/u/vej @batterista it is one of the first articles i’ve seen providing some clarity on the current situation.
4 months agoThat’s a fairly crazy correlation! Weak sauce…
4 months ago