While Keynesians continue to fret over the economy because of their confused "consumer demand" models and belief in "animal spirits", the market continues to climb to the beat of the money manipulator Ben Bernanke. With money supply (M2) growing at plus 15%, over recent months, the stock market and economy should start roaring (in a manipulated fashion) and it is.
Stocks surged this morning, extending the biggest monthly rally in U.S. equities since 1987.
The Standard & Poor’s 500 Index rose 1.9 percent to 1,265.65, sending its October gain to 12 percent and erasing its 2011 loss. The S&P 500 is trading above its highest closing level since Aug. 1 and has rebounded 15 percent since Oct. 3, when it closed at the lowest level since September 2010.
The S&P GSCI index of 24 commodities is also up. It gained 2.5 percent. Nickel jumped 5.1 percent and copper rose 5.5 percent to $8,101.75 a metric ton in London. Gold futures increased 0.4 percent to $1,729.60 an ounce and have gained 7.3 percent since Oct. 20. Oil in New York advanced 3 percent to $92.94 a barrel,
How can people not figure out that the stock market rise is due to money being created from nothing and stuffed in using FED dealer banks? The money is bogus...Means everything around you is bogus. These people OWN you...They steal everything from you using both taxes and inflation.
ReplyDeleteNo doubt money printing is fueling the stock market but I think the rally has more to do with the "deal" made in Europe yesterday. The deal is b/s of course but it had its intended purpose of calming the markets.
ReplyDeleteThey will create much higher price inflation as their freshly counterfeited "money" props up all input prices. This should starve a few more million people around the world and stall the economic growth. They need MASSIVE price and wage inflation in order to "write-down" their debts. This is terrorism, people.
ReplyDeleteKeynesian is terrorism...What else could it possibly be?
ReplyDeleteYou can tell just by Krugman's character and tone he uses.
So does this mean the market is made up of dummies??? Every time these thieves and murderers in the EU come to an agreement to save the banks, the market soars. When it looks like the agreements are falling apart again, it tanks. Wash, rise, repeat.
ReplyDelete