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Anyone who reads those articles and thinks they prove the Fed is pumping money into the stock market is daft.
prove is the wrong word.
But anybody who doesn't believe that the Fed and the BOJ financed the housing bubble, the dot com bubble, the commodities bubbles of 08, and today's stock markets should just mail their money directly to Bernie Madoff.
If you believe that then you need to be medicated.
prove is the wrong word.
But anybody who doesn't believe that the Fed and the BOJ financed the housing bubble, the dot com bubble, the commodities bubbles of 08, and today's stock markets should just mail their money directly to Bernie Madoff.
If you believe that then you need to be medicated.
There are a plethora of economists who recognize that the Fed's monetary policy played a direct role in the bubbles of the last 10-15 years.
Speculative inflationary bubbles would be virtually impossible absent a monetary policy of easy money.
Except that wasn't the claim. The claim was the Fed was pumping money into the stock market.
The Rabbi, we must have been posting at the same time. Just me having trouble with the board tonight. I'll catch up with my backlog go to the gym and get back to this in about two hours may be turning off the computer will help.who are you talking to Willie?
Well the explosion in prices of financial assets, real estate, stocks, bonds and precious metals, is a huge drain on the real economy. You can claim it is not inflation because it is not the CPI but given that the CPI has been and is manipulated to reduce COLA increases particularly in Social Security yours is a minority opinion.
Well the explosion in prices of financial assets, real estate, stocks, bonds and precious metals, is a huge drain on the real economy. You can claim it is not inflation because it is not the CPI but given that the CPI has been and is manipulated to reduce COLA increases particularly in Social Security yours is a minority opinion.
There is no explosion of prices in real estate. Except down.
There is no explosion in stock prices. They have moved up recently but the Dow is still in narrow territory.
There is an explosion in bond and gold prices because people are still looking for safety in a zero interest rate environment. As soon as that environment changes, those assets are toast.
OK, fine...The Fed has been pumping cash into the markets to prop them up, dude.How are stock market numbers (and do you mean the DOw, the S&P, the Wiltshire??) phony and pumped up? Do you think people buy and sell and then get their confirms and say "no, I didnt pay that for this stock"?
Output and growth are not correlated to stock market returns.
I'm not hearing anything cogent here.
GASG: Is the FED propping up the stock market?
Tepper tells CNBC Fed will prop up market Hedge Funds - MarketWatch
Unfortunately your links don't substantiate the idea that the stock market is rising because the Fed is pumping money into it.
Actually they don't substantiate much of anything at all.
Gold is his hobbyhorse. I look at the bond market from time to time but I would prefer to let Gail handle that market and real estate. General knowledge generally gets you in trouble because investments are in specifics not generalities. There are at least five gold markets: coins, jewelry, electronic, bullion and mining stocks; since they all trade at different spreads and have different oddities generalities about the gold market are not operational intelligence. Also in any type of investment trades should be infrequent.Rabbi is the fool born each minute. Every con man in the USA calls him "Mark".
One minor thing in The Rabbi's favor most of the recent rise in gold in the US can be attributed to the USD/EU market. Gold in terms of the euro has declined about half as much as it has gone up in North America recently.
Meh. That's what makes a market. You want someone to disagree with you so there is somebody to take the opposite side of the trade.Rabbi is the fool born each minute. Every con man in the USA calls him "Mark".
Gold is his hobbyhorse. I look at the bond market from time to time but I would prefer to let Gail handle that market and real estate. General knowledge generally gets you in trouble because investments are in specifics not generalities. There are at least five gold markets: coins, jewelry, electronic, bullion and mining stocks; since they all trade at different spreads and have different oddities generalities about the gold market are not operational intelligence. Also in any type of investment trades should be infrequent.Rabbi is the fool born each minute. Every con man in the USA calls him "Mark".
Gold is his hobbyhorse. I look at the bond market from time to time but I would prefer to let Gail handle that market and real estate. General knowledge generally gets you in trouble because investments are in specifics not generalities. There are at least five gold markets: coins, jewelry, electronic, bullion and mining stocks; since they all trade at different spreads and have different oddities generalities about the gold market are not operational intelligence. Also in any type of investment trades should be infrequent.Rabbi is the fool born each minute. Every con man in the USA calls him "Mark".
Bubbles are my hobbyhorse. Gold is a bubble. There are no fundamentals to support such a price. Ergo it is unsupportable. Now, market can remain irrational a lot longer than I can remain solvent. But a year from now gold will be down.
I also called tech a bubble in 1999 and real estate a bubble in 2006.
Meh. That's what makes a market. You want someone to disagree with you so there is somebody to take the opposite side of the trade.Rabbi is the fool born each minute. Every con man in the USA calls him "Mark".
