Tuesday, December 20, 2011

Just to Make This a Real Miserable Day for Krugman

Not only were jobless numbers and housing signalling a turnaround, but the stock market was up BIG,

The Dow Industrial Average was up 2.87%, the more broader based Nasadaq was up 3.19%, and the real dagger for "Deflation" Paul:

Oil was up 3.68%.

What's fueling the rally? Traders have finally woken up to the fact that the US economy is turning around (thanks to money printing manipulation by Bernanke) and traders are now realizing that what Krugman thought was no big deal, was really the start of the ECB going backdoor to prop up sovereign debt.

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