FRIENDS,
DOUG NOLAND is the MOST elloquent to speak for US. READ WHAT I POST HERE FROM MY LINK BELOW!!
FORGET fundamentals, IT IS as we all know IT IS....in the shitter!!!!!!!!
This is the best rally $TRILLIONS can buy, coordinated worldwide relfation of a magnatude never seen before.....READ NOLAND
WHO cares if we go to 20,000 on the DOW, we will end at 2,000..in our lifetime. WHAT IS ocurring NOW is the FORMATION of the most HISTORIC DEBT/CREDIT bubble the world has ever seen........maybe when the bond bubble (20 PLUS year bull) EXPLODES....we will have our answer and IT will have begun
WHAT else in the arsenal will be left after this episode? enjoy while it lasts...we are nimble JAck be quick!
The Stock Market and Monetary Disorder: by Doug Noland complete text HERE (scroll to bottom for commentary)
>>>I’ll restate my thesis as concisely as I can (not my strong suit): The deeply maladjusted U.S. “Bubble” economy requires $2.5 Trillion or so of net new Credit creation to stem systemic (Credit and economic Bubbles) implosion. Only “government” (Treasury, agency debt, and GSE MBS) debt can, today, fill the gigantic void created with the bursting of the Wall Street/mortgage finance Bubble.
The private sector Credit system is severely impaired, and there is as well the reality that the market largely lost trust (loss of “moneyness”) in Wall Street obligations (private-label MBS, CDOs, ABS, auction-rate securities, etc.). The $2.0 Trillion of U.S. “government” Credit creation coupled with the Trillion-plus expansion of Federal Reserve Credit over the past year has stabilized U.S. financial and economic systems. <<<< this is just opening paragraph READ THIS ESSAY NOW!!!!
Duratek
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