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Tuesday, August 05, 2014

The Stock Market Is a Titanic in Search of an Iceberg

What was that sound? Did you feel a little bump?

Nah… don’t worry about it. Go back to your cabin and have a good sleep.

Just when things were going so well! With all that GDP growth! All those new jobs! We were all set to believe that the US economy really had recovered from the shock of 2008.

What does the stock market know that these happy numbers aren’t telling us?

Yesterday, the Dow dropped more than 300 points. Gold fell $14 an ounce. There may be nothing more to this than a case of the jitters.

Or could it be something more?


1 comment:

lmclain said...

If you don't have guns (plural) and lots of ammo, food, water, medical supplies, etc., you better start getting them. Quickly.
Our economic situation is like a rubber band, stretched and about to break.
That's how fast the inevitable collapse will occur. And it IS inevitable.
"Every man for himself" doesn't even come close to describing what our "leaders" are setting us up for.....