How to Benefit from Global Financial Mess
Biderman on the financial mess. Hint, the old world won’t be coming back….
What has been going on since this past November, is that we have a stock market admittedly rigged by the Federal Reserve since 2009. The US stock market is up almost double the 2009 low yet the US economy is barely growing. Similarly back in November I described Europe as an unfolding slow motion train wreck employing a strategy of kicking the can down the road. Unfortunately for Europe, the end of that road is now in sight.
What also has not changed is that the financial media since November, particularly the Fed apologists on TV, firmly believe all that is missing for Europe is a plan that works. These nitwits apparently still believe that there is a way out of the mess that solves all problems; and afterwards the world can go back to the way it was.