When up is down, black is white, war is prosperity, unemployment is productivity, moneyprinting is wealth
We lose the rational foundation of investment. Its not even a good casino, where odds and probabilities aren't even knowable. While its true another 'Mission Accomplished' winning war rally may only be a few days away, new absurdities like Yosemite burning down or something intelligent accidently being said on CNBC or Fox News, or some Fortune 500 CEO turns down a company paid emergency airlift health emergency policy for his horses in Colorado, are always a moments time away.
$85 billion every 20 working days ... the equivalent of 85 thousand individual checks for $1 million each. Based upon 2012 census data, you could issue a one-million dollar check to every man, woman and child living in Detroit in less than 5 months. So far more than $3.6 trillion for Wall Street's economy and what has that accomplished? Evidently the continuing hope that the previous 1% of the population that owned 39% of the world's wealth that now owns 42% will tinkle on the other 99% soon.