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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: MIRU who wrote (184510)	6/19/2014 1:09:35 PM
From: stsimon	1 Recommendation Recommended By CommanderCricket Read Replies (1) \| Respond to of 206183

Real wages for most Americans continue to fall as the stock market continues to rise. The probability of this ending badly is high. In the interim, a lot of money is being made by investors and speculators.

To: MIRU who wrote (184510)	6/19/2014 2:38:30 PM
From: isopatch	3 Recommendations Recommended By CommanderCricket Mevis roguedolphin Respond to of 206183

Exactly. Keynesian Economics, in it's current incarnation, is in its prolonged & painful death throes, IMO. Have no idea how many more years it will survive on denial and the increasing suffering of larger and larger %ages of the populations subject to it. Be that as it may. Right now? CBs around the globe, continue frantically pumping and monetizing debt, trying to expand credit across their economies. Problem is? Almost all existing collateral is already pledged to outstanding loans. On top of that is the unprecedented level of sovereign debt here and in most other major economies. So, the big banks aren't loaning into the real economy. Inevitably, the liquidity just ends up in the financial markets. Were it not for small local and regional bank lending? We wouldn't have even the slow economic growth that's currently occurring. Obviously, I'm leaving a lot of things out. Most notably the approx 1,000 trillion in outstanding global derivatives, most concentrated in the hands of relatively few large international banks. Isopatch