Wednesday, February 27, 2013

Economy

Music sales increased for the first time since 1999. This isn't a sign of recovery. The music industry didn't change anything to make this happen. This is a sign of inflation.

Dow flirts with record high. This is another sign of inflation. At least the article mentions the Fed.
"The market surged following more evidence that the Fed will keep interest rates low, housing will keep recovering and shoppers aren’t pulling back on spending, though they’re paying more in Social Security taxes this year."
The market surged following more evidence that the Fed will keep interest rates low, housing will keep recovering and shoppers aren’t pulling back on spending, though they’re paying more in Social Security taxes this year. - See more at: http://www.boston.com/business/markets/2013/02/27/stocks-surge-dow-track-high-close-year/GmO6dADCaxfIVaUJKdqoLK/story.html#sthash.xYLTuEzA.dpuf
So interest rates have been low for a long time and are expected to remain low, housing is sort of booming, and consumer spending is up. That sounds a lot like 2007. This stinks of manipulation. We've had an economic decline in Q4 and a terrible jobs report in January. What better way to fool people into think the economy is OK than manipulating the stock market to a new record?

British farmer entrepreneurs laying their own rural internet lines. The market works. That would probably be illegal here.

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