Here is a quick look at the stock market fueled by the QE money printing schemes…
I thought the current stock bubble would end around 1,600. This is where the previous two ended. But the FED money printing schemes really inflated this bubble. I guess the experts are right when they say, “Don’t fight the FED.”
U.S. manufacturing is contracting at the fastest pace that we have seen since the last recession. Every time manufacturing gets this low during the Obama regime, it has been followed by massive money printing. Now they are going to the opposite and raise rates in 10 days????
They say copper is a forecaster of the economy. It is called Dr. Copper for this reason because it has a PhD in economics. The price of copper has plunged all the way down to $2.04. The last time it was this low was just before the stock market crash of 2008.
In 2008, commodity prices crashed just before the stock market did, and late last month the Bloomberg Commodity Index hit a 16 year low.
The velocity of money in the United States has dropped below the depths of the last recession.
I have sounded like a broken record over the last year, but I think this is pretty scary for anyone with stocks, bonds and mutual funds. We left any trace of a free market in 2008. The stock market is under FED control now. And all of the kings horses and all of the kings men may not be able to save it this time.