The trillions that went into securities since 2008 had the main effect of bloating stock market prices to wild levels in the face of real economic decline, by adding to the pool dollars chasing dollars in the Wall Street Casino, with little of it ever going to the real economy, and creating billionaires like Christmas morning on Groundho…
The trillions that went into securities since 2008 had the main effect of bloating stock market prices to wild levels in the face of real economic decline, by adding to the pool dollars chasing dollars in the Wall Street Casino, with little of it ever going to the real economy, and creating billionaires like Christmas morning on Groundhog Day. Now that the flow of make-believe cash from the Fed has totally uncoupled the true value of securities from any connection to reality, the fragility of the scam is coming into focus. The real question is whether Dimon's heads-up is an authentic warning or a calculated trigger of a "correction" just in time for November elections.
The trillions that went into securities since 2008 had the main effect of bloating stock market prices to wild levels in the face of real economic decline, by adding to the pool dollars chasing dollars in the Wall Street Casino, with little of it ever going to the real economy, and creating billionaires like Christmas morning on Groundhog Day. Now that the flow of make-believe cash from the Fed has totally uncoupled the true value of securities from any connection to reality, the fragility of the scam is coming into focus. The real question is whether Dimon's heads-up is an authentic warning or a calculated trigger of a "correction" just in time for November elections.