The equities markets are a barometer of the overall economy, Ben Bernocchio and friends would have you believe...and the teleprompter FTV parrots breathlessly tell you this 24/7 in case you don't get the message.
- Well, it must be true if you 'read' it in the newspaper and 'see' in on TV.
No. It is not, it is a lie.
Like Gold bullion, the stock markets may be reaching 'nominal' vice 'real' highs, but let's skip the MEGO (my eyes glaze over) explanation of nominal and real, skipping ahead to the only thing one needs to understand:
- Like physical Gold, the stock market is NOT gaining in value...the fiat currency they are 'priced' in is LOSING VALUE.
When you devalue and debauch a fiat currency, the 'price' of everything goes UP.
Tuesday, 23 July 2013
Stocks reaching new highs!!!.....................from Rico
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