Wait a minute. I thought it was the cold spurt that was affecting markets. What about the alien sighting in Nevada? Could it be instead that the economic recovery never really happened for the 99% and that the Fed's record stimulus attempts just resulted in soaring stock markets disconnected from fundamentals, which is great for the 1%, but doesn't help the 99% on their gas bill, health care bill, rent, or food bills? In short, this so-called economic recovery was a mirage for the 99%. It was the bridge you've sold us for 5 years. According to the Keynesians, if $10 trillion in stimulus wasn't enough, let's try $20T. Anyone for $40T? That's what Japan is doing with Abenomics. We have Japanese family who visit Japan all the time. You know what they tell me? Inflation is rampant. Incomes are stagnant and they aren't sure how Abenomics helps the common man at all. So the US thinks Obanomics, which is just another version of Abenomics, will work? Nope. Hope is not a solution. Fantasy land sure is a cozy place to hide, Ted. Unfortunately, sticking one's head in the sand doesn't make you immune from what happens to your body outside the sand.
How are your investments doing, btw? Have you taken profits yet or are you putting your money where your mouth is? If you are so sure Keynesianism and Obamanomics works, then you should be heavily invested in stocks right now. Are you? |
