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Feature Article by Stephen Lendman
Extraordinary Disconnect Between Stock Prices and Economic Collapse
by Stephen Lendman (stephenlendman.org – Home – Stephen Lendman)
US equity prices are near or at all-time highs at a time of unprecedented economic collapse, a festering main street Depression, unemployment way higher than in the 1930s, with no prospect for a V-shaped recovery, only its illusion.
The Wall Street owned and controlled Fed is responsible for the extraordinary melt-up in stock valuations, money printing madness to blame — saving the stock market at the expense of the economy and welfare of ordinary Americans.
For the first time in US history, the Fed's balance sheet exceeds $7 trillion.
It's up from around $250 billion in the late 1980s and $750 billion in late December 2007, the onset of the 2008-09 financial crisis — a colossal example of mismanagement, an eventual price to pay for what's going on.
Wall Street on Parade (WSOP) noted a disc
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