ESSENTIALLY GLOBAL LIQUIDITY IS SO CONCENTRATED IN THE CORPORATE AND ELITE SECTORS OF THE ECONOMY...THAT THE MARKET IS COMPLETELY CRASH PROOF...AND IN A STATE OF PERMANENT HYPER-LIQUIDITY...
IN THE REAL ECONOMY WE WOULD CALL THIS A STATE OF HYPER-INFLATION...
BUT IN THE FINANCIAL SECTOR...ASSET HYPER-INFLATION IS NOT SEEN TO BE "AN EVIL." SO THE FINANCIAL MARKETS ARE REALLY A "THING APART" FROM THE ACTUAL ECONOMY...
THE ONLY RISK IS THAT SOMEONE WILL BOLT FROM THE WALL STREET/FED GAME PLAN...AND START PUTTING CAPITAL INTO COMMODITIES...OR CURRENCIES OUTSIDE OF THE DOLLAR...
IN A SENSE THIS IS HOW ALL "RESERVE CURRENCIES" WILL BE DESTROYED IN THE FUTURE... WITH A BURST OF HYPER-LIQUIDITY THAT STAYS INSIDE THE FINANCIAL SECTOR FOR A WHILE...BUT EVENTUALLY LEAKS INTO OTHER AREAS THAT EXPOSE THE BAD POLICIES OF THE FED FOR WHAT THEY REALLY ARE...
THERE IS NO STOPPING THE DOW FROM SOARING TO 18,000 THIS YEAR...AND BEYOND.
AS THE YEAR PROGRESSES MONEY WILL START TO CONCENTRATE IN THE LARGER STOCKS...AS PEOPLE BECOME UNEASY ABOUT THE MASSIVE LIQUIDITY IN THE SYSTEM...
THE FED IS OUT OF THE PICTURE...THE ENTIRE HOUSE OF CARDS DEPENDS ON THE ASIAN AND EUROPEAN CENTRAL BANKS...
WILL THEY PULL THE PLUG ON THE DOLLAR...?
WILL IT MATTER INSIDE THE US WHICH HAS BEEN ON A MONEY PRINTING BINGE FOR NEARLY TEN YEARS...?
WE ARE EXPERIENCING PERHAPS A ONCE IN A LIFETIME EVENT... AFTER THE DOLLAR BUBBLE IS BURST...VERY LIKELY WE WILL NEED A "NEW PARADIGM" FOR RESERVE CURRENCIES...THAT GOES BEYOND ANYTHING THAT KEYNES AND OTHERS MIGHT HAVE THOUGHT NECESSARY...
KEYNES' BELIEF IN AMERICAN "EXCEPTIONALISM" IS IN THE PROCESS OF UNWINDING NOW... THE REAL MIRACLE IS THAT IT LASTED AS LONG AS IT DID!
THE DOW WILL CONTINUE SOARING ON MASSIVE LIQUIDITY AND ASSET HYPER-INFLATION...
CURISOUSLY, WALL STREET WILL BECOME TOTALLY DETACHED FROM THE AMERICAN ECONOMY...WHICH WILL ACTUALLY BE IN RATHER BAD SHAPE AS THIS AMAZING YEAR GOES ON...
