Why? Because Trump was chosen to do God's work, ending this Roman Circus once and for all.
But never take my word for it:
Make no mistake, this WILL BE biblical.
Social mood theory posits that emotions move markets. However, under the current Disney markets paradigm, now markets move emotions...
"The wealth effect is a behavioral economic theory suggesting that people spend more as the value of their assets rise. The idea is that consumers feel more financially secure and confident about their wealth when their homes or investment portfolios increase in value. They are made to feel richer, even if their income and fixed costs are the same as before."
This is the first time in U.S. history wherein policymakers are specifically seeking to generate the wealth effect in order to drive the economy. There are many "reasons" to propagate this simulation of prosperity:
- To manipulate consumer sentiment, as indicated above
- To increase Trump's chances of re-election
- To lubricate the IPO market
- To allow corporate insiders to cash out
- To maximize Wall Street bonus
Apparently no one seems to have a problem with this level of fraud. It's not even a political issue right now. Three years ago right before the election, Trump blamed Janet Yellen for creating the wealth effect to bolster Clinton's election chances. The Fed at that time was in the process of normalizing policy and removing stimulus. Three years later and the Fed has lowered rates three times in 2019 and increased the balance sheet. The greatest stimulus since 2009.
THE BANANA REPUBLICAN DOUBLE STANDARD IS ON FULL DISPLAY
The great white dope gets away with abuses of power on a daily basis, that no other president has even attempted. Including rampant fraud, unprecedented in U.S. history.
Which is why the fake wealth effect has created a chasmic gap between fantasy and reality. Particularly around the myth of the independently wealthy "consumer".
2019 is now seeing record store closures, 35% higher than 2009.
How "consumers" feel about the future, is no longer attached to their own spending.
Apparently everyone is convinced that everyone else is out shopping:
The same disconnect is on open display in the casino itself.
Wherein only a small cadre of momentum stocks are attending this "new all time high". Which is why the latest delusion is that the rest of the market is now going to catch up with the mega cap bubble stocks. Unfortunately, that is never going to happen.
An entire year of Dow Theory non-confirmation:
