Dow Touches Fresh High Above 15000, S&P Pushes to New Record
It is a measure of how corporate finance, manipulation, global business entities and unimaginably huge institutions view the policies of the FED. The FED now is the tool of that which will allow the uninterrupted flow of made up cash to be snapped up by those who can eat the cash, use that on margin and leverage themselves on the risk of others. Which they sell, on commission.
The make believe moneys coming out of Bernanke’s automagic software creation machine do not create R&D results in labs, they back new mortgage risk. They back new manufacturing of items like Fisker’s liabilities.
They do not make it possible to manufacture iPads here. They back MORE financing of dormitories and plants in Shenzen.
That is the ‘economy’ which the DOW reflects.
Those monies push away the reality of the DOW actually REFLECTING the real economy.
Reduced hours at Olive Garden.
Engineers working at K-Mart and glad to have that.
Recent graduates $50k in debt hoping to be barristas.
Record numbers leaving the workplace, to disability, early retirement and hopeless scrounging in a background, and invisible place hidden from govt eyes for little bits of cash to get to the supermarket and back.
And when the jobs report is 15,000 above the number it takes to simply stay even with the growth of the population leavened by the masses leaving the working population, which is already at all time lows, the DOW hits a record in days.
Is that good news?
4 comments:
Well put, Epa.
For now, I'm enjoying the money I'm making in the market.
The question is, when to pull out.
Engineers working at Walmart and glad to have that.
Hm. . .
Not exactly, but pretty damn close
And, I really hate to say this and would not admit it beyond these four cyber walls but I have all but given up. Especially hope, anyway, of ever finding meaningful employment again.
"ever finding meaningful employment again."
THAT
IS
THE
REAL
ECONOMY
Don't I know it.
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