The "Big Fat Ugly Bubble" Gets Even Bigger and Uglier.
N.B.: This report was published on steemit.com earlier as D.Tube was inaccessible.
In this report, I cover the early market action in London on Friday, September 21st, 2018. I look briefly at the precious metals, the stock market, the dollar, the bond market, and the oil price.
My focus today is on the stock market and how the Dow made an all-time high yesterday by breaking the February 2018 high. I point out that when President Trump was campaigning he called the stock market a "Big Fat Ugly Bubble" and that was when the Dow was around 17'000. Now with the Dow approaching 27'000 Mr. Trump has forgotten about the bubble and says the stock market is a reflection of the strength of the economy.
My conclusion is that the stock market could now continue to go even higher but it's not because of the health of the economy but more because of the greed that usually creates financial or stock market bubbles. As for the economy, I note that the only reason the economy is looking healthier is due to the record amount of government deficit spending taking place.
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Cheers maneco great video, have you seen XRP today it’s flying high. Cheers mike
Five people in a room used to have 100.00 to spend and things costed 100.00 ....Now those same people have 1000.00 in the same room and things cost one thousand dollars.
You hit it on the head when you said the stock market bubble is too expensive for regular folk who cant afford things that cost 1000.00 anymore.
Meanwhile student debt bubble bond bubble and stock market bubbles ontinue to rise. Nobody fears bubbles because they know the fed will print money and pay for them once they default on them.
I guess the way the system works is you feed the pigs so much food "Free money" They eventually die in there own shit "Inflation"
Will the fed have to raise rates when the shit hits the fan or will they start QE 4 and start buying the defaults ?
I would say the ladder and that means the end of the dollar and all currencies globally as we see them now.
reminds me of 1929 except like veniqualian socialism where the people in power feast while the people at the bottom starve.