*click to enlarge
The real bull mkt has been in the EURO $, GOLD, COMMODITIES (THINGS). The DOW divided by Gold has barely nudged off its MArch bottom. Barely a 10% move!!
ONLY BY DEVALUING OUR CURRENCY do THEY want you to think we are better off today than before they started screwing with us back in 2001 and beyond.
ANd friends, do you ask yourself if such an historic ride as such on the indexes is so good for everyone, if its pointing to a TORRID V SHAPED RECOVERY...why the hell is the 10 yr bond yield near 3.2% !!???? IT is screaming DANGER WILL ROBINSON...DEFLATION IS NEAR.
DO YOU CARE what is happening to your futures? THIS IS A RECKLESS FECKLESS EXPERIMENT! and it cannot end well.
THIS SUMS IT UP BEST
"You can not borrow your way out of recession.
And you can not spend your way out of debt."
- Daniel Hannan from British parliment speach
Day after day, I look at the data, and I conclude we are headed down a very dark path of no return, and when this QE acid trip of liquidity driven ZImbabwe reflation ends....I am very afraid of the outcome....and you ask, how could ANYTHING be worse than the pits of hell at the March lows? maybe don't ask!
Now we are stuck in a secular bear mkt, and those in charge are making sure any escape comes long long long down the road.....yes quick go spend you worthless paper trash on ANYTHING, stocks sure....before it fucking vaporizes in your face.....as no jobs are created, as the WALL STREET MACHINE GETS FED....Obama brough nothing but a bunch of speaches...time to man up!
Duratek
2 comments:
Fascinating chart.
By taking our dollar to the woodshed, the idea is we can float these assets UP...by creating more $'s we can then more easily pay the debt...but that is preferred by the FED rather than deal with the imbalances.
SO on the surface, everything is looking better, and they have effected a huge rally in anything BUT the U S$.....but in essence, they haven't really done anything.
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