WANNA JOIN THE MELEE...?
CONSIDER:
THE MACRO BASED GLOBAL TRADER HAS BECOME FASHIONABLE LATELY...
HENCE THIS YEAR'S BIG RUN UP IN GOLD AND OIL... AND THE PLUNGE OF THE DOLLAR...
BUT THE FED..AND ITS SHILLS AND CLIENTS ON WALL STREET...DON'T REALLY "COTTON" TO MACRO...OR "REALITY" BASED TRADING...
WALL STREET AND THE FED PREFER...A MORE "FICTIONALIZED" NOTION OF GLOBAL INVESTING...
THE WALL STREET/FED VIEW IS THAT THE DOLLAR IS "EXCEPTIONAL"...
AND THAT AMERICA IS STILL A "GREAT ECONOMY"...
AND THAT ALL FOREIGNERS WOULD LOVE TO FLOCK HERE WITH THEIR NEWLY PRINTED PAPER DOLLARS ...TO "INVEST IN" THE "GREATEST ECONOMY IN THE WORLD..."
YADA, YADA, YADA...ALL BULLSHIT!!
THE FACT THAT THE GREATEST ECONOMY IN THE WORLD HAS BEEN RUNNING ON ASSET BUBBLES FOR TEN YEARS...
AND THAT THE GREATEST ECONOMY IN THE WORLD DOESN'T HAVE A "MANUFACTURING SECTOR" ANYMORE...
AND THAT THE TRADE AND BUDGET DEFICITS AND "WAR SPENDING" ARE STRUCTURAL AND PERMANENT IN THE US...
HAS BEEN COMPLETELY IGNORED BY THE FED AND WALL STREET!
BECAUSE WE DON'T EVEN TALK ABOUT "THAT STUFF" ANYMORE...
THIS SHOULD BE A SIGNAL THAT SOMETHING IS NOT RIGHT ON WALL STREET AND AT THE FED....
THE FED/WALL STREET BULLSHIT NOTION OF THE US ECONOMY PREVAILED FOR A LONG WHILE...TWENTY YEARS OR MORE...AND PEAKED IN THE 1990'S...
BUT LATELY THERE ARE SIGNS THAT A MORE REALITY BASED WORLD VIEW IS COMING BACK INTO FAVOR...
WHAT WE HAVE GOING ON RIGHT NOW... IS A CLASSIC BATTLE BETWEEN THE FED AND IT'S SHILLS... WHO SUPPORT THIS "FICTIONAL VIEW" OF THE AMERICAN ECONOMY...
AND THE INCREASINGLY GLOBAL "MACRO-TRADERS" WHO ARE MORE REALITY AND TEXTBOOK BASED...
IN THE LONG RUN...THE MACRO GUYS WIN...
BUT DON'T EXPECT THE FED AND THE WALL STREET SHILLS TO GIVE UP EASILY...OR QUICKLY... THIS MELEE HAS SOME TIME TO RUN...
AS THIS WEEK CLEARLY SHOWS..!!
