CRASH2: ARE ALL BETS OFF AFTER SPRING 2014?

Fix (n- colloqu) relief of addictive wIthdrawal, usually by drug injection Fix (vt – colloqu) cheat, as in ‘put in a fix’ Fix (vt) solve problem THEY THINK IT’S ALL OVER The final farewell end and absolutely last performance of QE….soon. You’d think the above chart would be everywhere, but US Slog contact Butch sent it to me last night, and it isn’t one I’ve seen before. It couldn’t be simpler in displaying the overwhelming result of the US Federal Reserve using QE: the creation of a ludicrous stock market bubble. The S&P 500 (like all stock markets now) is an investment forum in which the ‘squeezed middle’ of the western world (from 45-70% depending on country) lack the skills required to benefit from it, and have little in the way of trustworthy information by which to judge when the bubble will burst. This reality has been exacerbated in recent years by everything from dark liquidity pools to speed of light and algorythmic trading. The small investor might benefit inidrectly via pension or assurance investments held on his or her behalf, but the real number of people who do is frighteningly small: 42% of upmarket British workers, for example, have no pension arrangements at all. I’m not a great fan of the capital letter’s use for emphasis, but in the next paragraph I fancy it is warranted. The irrefutable bottom line on this one is that both the US Federal Reserve, the UK Bank of England (and upcoming, the European Central Bank) are taking YOUR money and WIPING OUT GREEDY, DUMB TRADES made by the bankers who YOU ALREADY BAILED OUT to the tune of $23 trillion around the world anyway.



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