Bastiat makes the mistake of looking at the economic problem from the point of view of SOCIETY which, it turns out, has little to do with Corporate Profits, where Keynes is right as the forced extraction of wealth from the lower classes... is BRILLIANT!
Hendry is now focusing his rhetoric -- and investing strategy -- on the bigger target: China. He’s betting that growth in the world’s No. 2 economy will collapse because of rampant real-estate speculation, sending shock waves through Asia and beyond.
Cramer mustered up that old-time revival feeling on his Mad Money show Wednesday on CNBC when he excitedly proclaimed “We got the correction this morning, Dow fell 35 points."
Cramer is selling the snake oil, he is selling the hair tonic and he is selling the religion of "Buy High and Sell Higher," which makes him one of the most dangerous men in America.
The Rich (who control this country) do not want a strong dollar - only people who get paychecks in dollars want them to be strong but the people handing them out in exchange for labor are perfectly happy if Treasury Notes are as worthless as toilet paper.
The futures are so bright, we have to wear shades this morning.
Those shades would be blinders, like we put on horses to keep them from being distracted by reality while they race forward...
Perhaps you believe that integrating our economy, our currency and our government with the rest of the world would be a wonderful thing. If that is the case, please feel free to leave a comment explaining exactly why globalism is such a wonderful thing for all of us....
No wonder the VIX is down to 17.50 – we are a totally complacent society aren’t we? I guess the problem is most people don’t want you to protect your portfolio – they want you to CHURN your portfolio to generate fees.
Of course we felt that last week's zero-volume move higher was fake, Fake, FAKE but, when the acting is that good, there's nothing else you can do but sit back and enjoy the ride.
The data starkly show a comatose Wall Street being resuscitated with whatever financial might the Federal Reserve could pump into its tangled web of funding vehicles. It also points to how the Fed was dispersing sums which dwarfed the U.S. Treasury’s $700 billion TARP (Troubled Asset Relief Program) bailout program...
Are those who have forgotten the past condemned to repeat it or has the market, like Scrooge, truly turned over a new leaf and will forevermore keep the bullish Christmas Spirit alive in its heart - heading ever higher, never again to come down? Ah, there's a Christmas fable we'd all like to believe in!
