What happens to a generation of self-absorbed dumbfucks who want a tax cut for the ultra-wealthy, cheap oil from terrorist-sponsoring nations, two prolonged blunders to teach those foreigners the "American way", a stock market at all time highs, and game show hosts running the entire circus? Well, something had to go. In this case it was just the economy and the children's future.
The stock market is rising because it's rising. It's locked in a momentum feedback loop which is merely a contest to see who can throw the most money down the shit hole before this entire self-delusional ponzi scheme collapses for good. ETraders are blowing smoke up each others' asses at the joy of the Dow rising every day, as they throw every last dollar of retirement funds into the market...
Speaking of mega-leverage, corporations having been feasting on the cheap Fed money to fund *special* dividends and stock buybacks. This below shows corporate debt as a % of GDP.
Got (financial) leverage?
The Obama Pseudo-Recovery
Shock Doctrine: Jobs versus stocks
It was always a Faustian Bargain...