If you're wondering why everyone seems so fat and happy, it's because they are: The Dow Jones Mind Trick has artificially manipulated the "consumer" sugar buzz back to decade highs. All while ETraders borrow unprecedented amounts of money to gamble in the same casino that robbed them the last two times.
Consumer CONNEDfidence is at the highest level since October 2007 i.e. the last time the stock market peaked. The prospect of global war and a slowing economy gives jobless consumers great confidence.
All Eyes on the Dow Jones Prozac Dispenser
It's taking a lot more Dow Prozac to achieve the same "high" as last time...
This just in:
"Wells Fargo found that after-tax income fell for the bottom 20 percent of earners during the 'recovery'"
Jobless "consumers" are confident they can bankrupt themselves and their grandchildren
"Strong job growth helped boost consumers' assessment of current conditions"
This is what 'strong' McJob growth looks like:
This is what 'strong' McJob growth looks like:
"U.S. recovers all of the jobs lost in financial crisis"
The "recovery" consists of a doubling in McJobs
.PNG)
Labor participation rate
Rule #1: "Don't Get High Off Your Own Supply"
Momentum Feedback Loop: A circle of jerks
NYSE Margin Debt
Grasshopper or Ant?
None of this has anything to do with charts, facts, or data. This is strictly about a populace desperate to be lied to and a country club full of psychopaths more than happy to oblige:
None of this has anything to do with charts, facts, or data. This is strictly about a populace desperate to be lied to and a country club full of psychopaths more than happy to oblige:
