Amen.I use daily closings of the DOW Industrials to track the “economic health” of the USA….but I have suspected that this recent “rise” might be a “bubble” of inflated value due to the pumping of “new money” at $85 Billion a month….and today I find several articles saying just that!-USA TODAY’s 3/4 editorial and NYT’s 3/5 article “As Fears Recede, Dow Industrials Hit a Milestone”…and CNN Money had charts on Sunday or Monday showing the 2007 HIGH, just before the Recession hit…! Not a good omen, IMO.-Also IMO it is dishonest to print “dollars” without solid metal (gold, silver) backing….isn’t it only the “bubble” of fools accepting worhless paper on the connivance of spendthrift governments? Bailing out failed businesses just because they are “too big to fail” is not honest, either. Our “economy” is pure deception due to the Fed and silly presidents who get talked into actions that are unwise, IMO.
Amen.I use daily closings of the DOW Industrials to track the “economic health” of the USA….but I have suspected that this recent “rise” might be a “bubble” of inflated value due to the pumping of “new money” at $85 Billion a month….and today I find several articles saying just that!-USA TODAY’s 3/4 editorial and NYT’s 3/5 article “As Fears Recede, Dow Industrials Hit a Milestone”…and CNN Money had charts on Sunday or Monday showing the 2007 HIGH, just before the Recession hit…! Not a good omen, IMO.-Also IMO it is dishonest to print “dollars” without solid metal (gold, silver) backing….isn’t it only the “bubble” of fools accepting worhless paper on the connivance of spendthrift governments? Bailing out failed businesses just because they are “too big to fail” is not honest, either. Our “economy” is pure deception due to the Fed and silly presidents who get talked into actions that are unwise, IMO.