Summary: It is truly extraordinary: despite the trillions of dollars thrown at the economy there is no inflation. Money is not the answer. Money leads to debt and debt leas to ruin. The government has learned nothing over the last thirty years. The supreme arrogance of Bernanke, who decided he in his infinite wisdom “understood” the great depression, is bringing the country to its knees. Fraud, stupidity, malinvestment, overindebtedness, all have conspired to lay waste the economy for generations to come.A quick comment on the stock market. Overvalued, overbought and maximum bullish – a poor mix for continued gains. IPOs galore. Stock buybacks aplenty. Gurus uniformly bullish and coming on TV, talking up the market. And the economy continues to contract. The top cannot be far off. Voters very negative on the economy. More on police brutality. Banks hiding their losses, courtesy of the government green light. Almost half of all corporate bonds rated by S&P are “speculative” (a polite word for junk)
