Screw the stock market, I hope it crashes.
By Daniel at 9 November, 2009, 10:32 pm
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
This is crap, the investors get richer on a weak dollar and the rest of us get screwed at the gas pumps, and in the grocery stores. Economic wizards of Wall Street, in the words of 15 million people “where are the JOBS !!!
Dow jumps 204 to high for year as dollar slumps
AP - The Dow Jones industrial average stormed to its highest level in more than a year Monday as a falling dollar boosted prices for gold, oil and other commodities. Stocks also jumped as investors grew more confident that governments around the world will keep interest rates low to help the global economy.
================
While we are in a depression, don’t confuse that with what the market will do.
We could see 20% unemployment (U-3) and have DOW 20,000 if the dollar continues to decline. Oil, of course, would be double that too. Anything people buy to get out of the dollar would go up.
Also, don’t think a recovery (small or bubble-size) means anything more than a delay to what must come to cleanse the system of the disease it has. If the recovery is GDP rising due to government spending, then it isn’t really a recovery as it is based on debt that exceeds the growth and makes the fiscal condition of the nation even worse.
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
No comments yet.