There may come a day soon where the markets sell off if one of the whiskers in Big Ben's beard is out of place. Or perhaps if his tie is a bit crooked. Or maybe we end up with Janet Yellen as the next puppet in charge over at the local banking cabal and we fret about her hairdo. I don't know, but one thing that is for certain is that this central bank so wants to be loved and we are so under psychological attack with all of this QE nonsense that it isn't even funny.
QE is the endgame. ZIRP was only the beginning. QE, or monetization (which they'll never call it because of the negative connotations), is the heroic measure applied to an already dead system. Our system, for all intent and purposes, died in 2008. It ceased to exist. The investing, economic, and business paradigm that has existed since is drastically different than its predecessor despite all the efforts being made to convince everyone, including Humpty Dumpty, that it is in fact 2005 all over again.
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
1 comment:
This is what I keep telling everyone who thinks the stockmarket is doing so good. It's no different that the overinflated real estate values from a year back. Very few investors left in market except pension funds and when this one hits the fan it's going to be real trouble.
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