Sunday, September 13, 2009

What's good for the [Dow] ISN'T good for the country

Jesse: It is possible that the Fed monetizes sufficiently to reinflate an equity bubble, essentially whoring out the Dollar and the real economy for the sake of the financial or FIRE sector.

This is what I have been thinking - that the stock indices are now fundamentally disconnected from the health of the economy.

1 comment:

  1. Paddington13 September 2009 at 17:55

    He's absolutely correct, and it started in about 1980.

    ReplyDelete

Unfortunately, because of a plague of spam comments, you need to be a "registered user", otherwise your observations will be buried in a torrent of multilingual nonsense. Please do comment!

Say what you please, so long as it's phrased politely and is not libellous or legally proscribed. Fact, reason and wit are keenly welcomed.