Monday, May 11, 2020

Even the Colonel sees the disconnect.

From Jan 1st, 2009 through the end of March, the stock market has risen by an astounding 159%, or roughly 14% annualized. With such a large gain in the financial markets, there should be a commensurate growth rate in the economy.

After 3-massive Federal Reserve driven “Quantitative Easing” programs, a maturity extension program, bailouts of TARP, TGLP, TGLF, etc., HAMP, HARP, direct bailouts of Bear Stearns, AIG, GM, bank supports, etc., all of which totaled more than $33 Trillion, cumulative real economic growth was just 5.48%.[1]

Yes, sir. Our betters, our economic samurai warriors with Yale dissertations under their belt, our far-seeing politicians have stuck it into Joe Sixpack and done broke it OFF.

And there is NO hope that in the future this Klown Kavalcade will cease and desist with the bailout hysteria, the monetary debasement, the inflation goosement, and the screwing with what at one time was the most amazing economy on the planet. The short-term fixation, the temporizing, the kicking the can down the road, the evasion, the lies, and the complete and utter [expletive deleted] Thelma and Louise solution is the locked-in, panic-mode game plan for the ages.

And WE obsess over the Iranians getting nuclear weapons.

[1] "The Federal Reserve & Its Ongoing Destruction Of The Bottom 90%." By Lance Roberts, ZeroHedge, 5/11/20 (emphasis removed, new added).

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