THE HYPER-LIQUIDITY RALLY SEEMS TO BE OVER...
THE NOTION THAT BERNANKE "WANTS YOU TO BUY STOCKS"...WORKED FOR A WHILE...BACK WHEN THE FED WAS DUMPING A TRILLION A WEEK ON WALL STREET BANKS...
OK...THE ASSET INFLATION HAPPEN...THE DOW RALLIED...
OF COURSE THE REAL ECONOMY IS STILL PUNK...JOBS STINK, RETAIL IS DOWN, DEBT IS HIGH AND NEW DEBT NOT ADVISABLE.
SO NOW...STOCKS ARE PRICING IN A "RECOVERY"...BUT THE CREDIT AND JOB MARKET ON MAIN STREET ARE STILL STRUCTURALLY DAMAGED...AND AIN'T COMIN BACK ANY TIME SOON...
WHAT NEXT...? RATES ARE AT ZERO...AND THE FED HAS BEEN DUMPING FRESH CASH ON WALL STREET FROM THE PROVERBIAL "HELICOPTER...!"
PERHAPS A PUSH OF "NEW MONEY" INTO COMMODIES...OIL, GOLD...? THAT WOULD BE A TERRIBLE SWIFT JUSTICE...AND REVERSION TO REALITY.!.
NONE DARE CALL THIS PITIFUL MESS "KEYESIAN ECONOMICS"...
BECAUSE THIS WAS ALL JUST BUBBLE BULLSHIT...PRETENDING TO BE CENTRAL BANKING...!
