william the wie
Gold Member
- Nov 18, 2009
- 16,667
- 2,402
- 280
I sympathize with your rejection of the particular attacks you are dealing with but that doesn't make your argument right.The problem with using the DJIA as an Economic Indicator is that Banks (International not just US Banks) are taking money from the Federal Reserve at low interest rates and playing it on the Stock Market.
All they're doing is Day Trading enhanced by Algorithmic Programs that buy and sell in micro seconds. Then of course, they pay each other fees for the transactions.
Yes, you DO need to drop all your 401K allocations and start buying Gold and Silver instead because the Dollar is finished. What the US Gov't doesn't take from you investment will be wiped out by hyper-inflation. Probably this year.
The problem with using the DJIA as an Economic Indicator is that Banks (International not just US Banks) are taking money from the Federal Reserve at low interest rates and playing it on the Stock Market.
Banks aren't borrowing large amounts from the Fed.
Germany, Japan and China all have shrinking potential labor forces so they are finding ways to automate jobs.
Since the per capita GDP in the next three largest economies are lower than in the US anything that works for Germany, Japan or China is even more profitable in the US.
Truthfully saying that Obama in particular and the USG in general is not the major malfunction in the US economy does not mean that the US economy is functioning well. YOY income volatility per worker is increasing in the US, head counts are going down in most major industries and the results are not pretty.
Last word I got in a sourced quote was that 80% of US job losses were from robots and 20% from outsourcing with nary a word about non-robotic capital equipment job losses so I know that source is wrong. So, yeah we are in a bubble and it is going to pop.