Today’s fear in the stock market is that it will go down at all, even a little. Any decline that begins has the potential to be unstoppable. The job of the plunge protection team has changed from elevating stock prices indefinitely to delaying the inevitable as long as possible. Why the worry?
The economy as a whole is totally dependant upon spending by the rich. When investment returns dry up, the only meaningful source of consumer demand dies with the stock market. For those who are confounded by government’s seemingly mindless support of the stock market, this is the reason.
Hard Times Coming is a timely tune by Curbside Jimmy. Hard Times Coming
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