This week, the NASDAQ dipped below 8,000 points. However, there’s no need to panic; the longstanding bull market for U.S. stocks remains intact.
With a dash of optimism—and some assistance from speculative chart forecasts—it’s conceivable that the DOW could hit 40,000 by the decade’s end. After all, with enough synthetic currency in play, nearly anything seems achievable.
Nonetheless, we maintain that the prospect of DOW 40,000 is just as likely as encountering a dinosaur on our commute to work today. In all likelihood, we’ll first see a DOW reclamation to 10,000 highlighted in the Wall Street Journal.
In the meantime, while we still bask in what some have termed a “permanently high plateau,” let’s divert our attention to another questionable record currently taking shape. If you hadn’t noticed, the ongoing economic expansion is nearing its own historical milestone. With 111 months of growth already logged, it is approaching the record of 120 consecutive months recorded from March 1991 to March 2001. Continue reading
Today, we embark on a discussion about facts—more specifically, the very context of those facts. We aim to better grasp the factors driving our perplexing world.
To clarify, we are not looking for cold and detached facts devoid of interpretation, like the basic principles of mathematics. Instead, we seek those more nuanced truths—facts whose significance can shift based on context.
The current landscape suggests we are entrenched in an era of profound confusion. The root of this disarray can be traced back to today’s artificial monetary system. This system’s adverse effects have permeated nearly every facet of daily life.
In straightforward terms, the creation of fiat money by central banks, compounded by commercial banks through fractional-reserve lending, breeds financial and economic turmoil. Extended phases of monetary expansion, followed by sharp contractions, often leave hard-working individuals struggling to progress. This troubling blend undermines the incentives for diligence, saving, and responsible financial management. Continue reading
A soaring stock market can create a deceptive illusion, hiding economic flaws from view. Who cares about stagnant incomes when many are profiting from rising stock values? Certainly, making money in the stock market can appear superior to earning it through hard labor.
Undoubtedly, the thrill of checking an inflated quarterly brokerage statement is far more gratifying than the modest relief of a regular paycheck. But not only does wealth on paper increase with a rising stock market, perceptions of intelligence often increase as well. Those quarterly reports, with their upward trends, seemingly validate one’s financial acumen.
Why fret about a labor participation rate that has slumped to a 40-year low when Netflix has surged over 6,000 percent? The convenience of endless, affordable, on-demand entertainment provides a thin layer of comfort amidst a shortage of well-paying jobs. Indeed, we are living in an unprecedented era for relaxation—especially with large-screen televisions available on credit. Continue reading
During the peak of summer, the sun shines brightest in the northern hemisphere. Yet, in America, while the warmth envelops the land, ominous clouds loom overhead.
Take Senator Mark Warner—a notorious figure—who is actively supporting a Democratic proposal aimed at silencing political dissent. For Warner and his associates, not all forms of criticism hold equal weight. While criticism of President Trump is welcomed, dissent aimed at political insiders like Warner is targeted for suppression.
This proposed regulation, under the pretext of combating the nefarious spread of Russian disinformation, seeks to curtail free speech. As Warner suggests, the loss of free expression is a necessary measure to safeguard it. An article from Zero Hedge, as cited by Martin Armstrong, outlines the specifics…
“Democrats are pushing for comprehensive transparency concerning any online political discourse. They even aim to empower the Federal Trade Commission with extraordinary authority to audit algorithms of all companies, irrespective of whether they possess the qualified staff required for such oversight.” Continue reading
