The U.S. stock market has been propped up by the Federal Reserve and it's scheme of perpetual low interest rates and excessive Quantitative Easing, (a.k.a. printing money and giving it to bankers). Now that the Fed has claimed they are winding down QE3 and will soon raise interest rates, the market is already feeling the tension of this possibility. The absolute truth is that the Federal Reserves balance sheet is measurably proportional to the stock market increase since the Financial Crisis began. This is an irrefutable fact.
If the Fed pulls out, so will the billionaires, leaving the average Joe and his pension fund to be evaporated rather quickly.
Alibaba Group Holding Limited (BABA) -NYSE
Billionaires are hoarding piles of cash
Julian Robertson sees TWO bubbles brewing
"The first bubble is that bonds are at ridiculous levels, so that the saver, the small charity, has no place to put his money except into stocks,"
IMF warns of 'excessive risk taking,' stock prices
OECD cuts US growth forecast, warns on risk assets
Argentina's Fernandez to meet billionaire investor Soros in New York
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