Asian markets are up...
Because American markets are up, because Asian markets are up, because American markets are up...
My God...We're discovered the SECRET OF PERPETUAL MOTION! QUICK LET'S SELL SOME STOCK IN THIS IDEA!
Well, this kind of circular reasoning happens all the time among Wall Street types...whose job it is to "fleece suckers."
But curiously, the market is sowing the seeds for even more rate hikes by the PRICE INFLATION on Wall Street. But, ya know, they just don't care...
Of course, neither the FED nor anyone else has EVER considered stock price and asset price inflation to be "real inflation."
But inflation is a monetary phenomenon...and the FEDs monetary "flooding" of the financial markets has been going on for years...decades even.
The only salvation for this BAD MONETARY POLICY has been the MIRACLE OF CHEAP ASIAN LABOR...which has kept prices and wages down in the US economy and in Euroland...
Hence the current rioting in France... Dig?
ANYWAY...THE CURRENT MOONSHOT IN EVERYTHING CONTINUES!
AND THAT INCLUDES GOLD, OIL AND COMMODITIES...WHERE THE REALLY SMART AND LONGER TERM MONEY IS GOING!
BECAUSE BONDS ARE HEADING INTO THE DUMPSTER...
AND ALAS, THE HAPPY TALK SPECULATORS IN EQUITIES WILL GET WHAT THEY ALWAYS GET SOONER OR LATER...
A LESSON IN THE PERILS OF GAMBLING ON WALL STREET;
AND A VOW NEVER TO DO IT AGAIN!
