Senior Bankers Warn: ‘It’s Crazy, It’s a Boom, It’s a Gold Rush’
With the Fed tappering how can we get the money needed to continue to move the markets higher. Simple, get the banks to lend more!
Greatest disincentive known to man!
There’s a gold rush starting alright –in mining stocks! It is bullish for the whole sector that the explorers continue to lead the way. GLDX golden cross:
http://stockcharts.com/h-sc/ui?s=GLDX&p=D&yr=1&mn=1&dy=0&id=p76281977052&a=358865340
Great Matthew! Thanks for continued imput!
I second that!
What do you expect when interest rates are driven below the true inflation rate?
I know they had to do it, BECAUSE GOVERNMENTS HAVE SPENT TOO MUCH AND BORROWED TOO MUCH, but this is merely an unintended consequence of low interest rates.
very little capex going on now–and why should there be, the overall economy is not growing.
Take away obsolescence: ie airplanes, or now it looks like MSFT is going to curtail support of Win 7, and you wonder whats really growing,. Facebook type companies but how much capx do they really need, how much more hiring they have to do.
even manufacturing is automated.
We have succeeded in making workers obsolete, we have a huge supply of potential workers and the Govt wants to raise the price of something in huge supply. Govt not fixing problem, but letting problems expand.
no easy answers to this stuff.
Hal:
Tell me it ain’t so! Just purchased a new computer with the latest version of Windows 7 because of all the horror stories about Windows 8 et seq.
I agree with the rest of your analysis.; Too much worldwide production of nearly useless, unproductive products with too few buyers with too little money.
Enroll me in the “agreement club” Dai Uy!
Anecdotal evidence suggests the banks are starting to loosen the spigot. Credit card offers are appearing in mailboxes after years of hiatus, credit lines are being raised, come-on advertising is starting to appear on banner ads on web sites. The signs are all there, and when the velocity of this new “money” starts to pick up, the game’s afoot.
I haven’t seen it increase to any great extent Dallas. At least up here.
Loosening the spigot while losing the plot MAD
It’s crazy alright, when I grew up people with an education had depth of thought now they have the same thoughts as everyone else. They can’t even see how sad society and it’s dumb entitlements has become.