The party's already over so all we are doing now is waiting around for Wall Street and clueless policy-makers to reach the same conclusion...This situation reminds me of my younger days at the bar with my cousin when he would order six shots of whiskey for each of us at last call because he didn't want the party to end...good times. Of course Wall Street's complimentary Mix Master Bernanke has been pouring for four years straight and just now with 'QE Eternity', he opened all the bottles and put them on the bar. Of course, it's all fun and games until the hangover.
While we wait for the lights to come on, let's assess the damage that has already been incurred. Below are the only charts necessary to realize that the Middle Class left the party years ago and hasn't been back since. These are the scary stats that neither Presidential candidate nor the lamestream media wants to discuss.
This second chart makes fools out of all the cheerleaders who say that the jobs market is improving. We are constantly told that the unemployment rate is falling, however, it's only falling because people have given up looking for work. In other words, some corrupt government bureaucrats have decided that as more and more people give up finding jobs, the unemployment rate should fall, falsely signalling an improving job market. With fucked up logic like that, it's only a matter of time before the unemployment rate will soon be at 0%. And then won't the politicians be surprised when the streets are lit up like the Fourth of July, even though it's not a holiday.
Instead of me making yet another dire prediction, I leave to you to draw your own conclusions as to how all this turns out.