If you’re really wondering why the stock market is doing so well, I believe the headline from the following story pretty much sums it up.
Fed to Remain Wall Street’s Sugar Daddy: CNBC Survey
Yeah it’s pretty undignified but really, the market keeps going up because the market knows Helicopter Ben will take care of them and support them.
Every time there’s even a hint that the money train is slowing down causes a down day and then immediately the next day the cavalry comes out to reassure the market that Helicopter Ben isn’t going to act like an adult and cut off the purse strings.
Holy crap. Silver is almost at $40 dollars.
Bloomber screenshot of the price of Silver
Talk about your inflation. I remember trying to buy silver jewelry for my wife when it was at $10 and I thought it was incredibly expensive then.
h/t Zero Hedge
Seriously, all you have to do is exclude the bad numbers and voila, you’ve got the number you want.
Wholesale prices rose more than expected last month as food prices surged by the most in 26 years. But excluding food and energy, prices were nearly flat.
Again and again, this is the problem with government statistics today. They are rigged. Of course there is no inflation when you remove all the bad parts. I’d like to know from the eggheads, since I need food to eat and energy to live in my house, why we get to exclude it?
It’s nothing more than a way to rig the game.