Quote:
Originally Posted by Geneman
Dow at 30,000. Tabs... increase your dose of thorazine and top it up with a few hits of jack... you will be feeling like a trumpette in no time.....
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to be polite, you have become the Poster Boy of what I am talking about.
There is a direct correlation between Equity pricing and the amount of money the FED has printed since March (3T). While the Main Street economy has crashed and is burning..
The FED has exceeded their mandate by buying ETF's, Corporate Bonds, and Muni Bonds for the first time as well as Mortgage Backed Securities..
The worlds Central Banks have printed 20T since March.
The Velocity of Money is at less than 1.2. Which means the economy is virtually nil.
The USD has been falling since November.. The ADVERSE SHIFT is seemingly taking place as USD is no longer being seen as a safe haven. the Chinese are selling off a portion of their US Treasury position.
80% of American re living from paycheck t paycheck
20M are unemployed, 9.9M are not up to date on paying their rent or mortgage. the Food Bank lines stretch for miles..the BK's are multiplying..
The Labor Dept said this week that their Unemployment stats are INACCURATE..
So as the world burns Equities fiddle...