The Good News Economy and Stock Market of Course

Moving into the fall season, all countries, world leaders and elected leaders in the United States, have the same focus. That is to keep asset prices, mainly U.S. equities, from falling. Every incumbent running for re-election in November benefits from a strong stock market. No effort will be spared in supporting the financial markets through early November. Expect nothing but good good news for the next few weeks.

The link below is an article from earlier this month. The quotes below are from the article.

Good News is Coming Soon (from 8-14-2008)

“Very close to Labor Day, September 3, five days before or after, good game changing news will hit the press and the airways. What kind of good news?”

“Odds are the trade war will be called off.”

When I make a forecast like this, I never expect to be 100% right. The only criteria I have is of knowing the incentives of the various players and observations of previous behaviors. There is no clairvoyance. I have no complex statistical models. What I can forecast is the intention and level of interest in manipulating the stock market. The only thing I can say with respect to how successful the efforts will be is that these kinds of efforts have worked very well up to this point. Never forget that the economy is in the process of rotting from the bottom up. In time, the whole system will collapse as a result. I have no way to say on what day or in what hour that will be.

The good news now being released is of amazing progress in trade talks with Mexico. It is a few days earlier than I expected. It frankly is not all that profound. Rest assured, there is more to come.

What is the business of every country in the world today? It is to enhance the wellbeing of each country’s most wealth citizens. Actually folks above a certain income level may be citizens of one given country or another but they have a global presence and interests which know no national boundaries.

I have explained previously that our world is a huge game of dominance and subservience. Does that sound awful? Of course it does and that is why people indulge in fantasy. Fantasy, euphemisms and wishing however don’t make it anything other than what it is. Who benefits from big government? It is the few who are currently winning in the game of dominance and subservience. Is there a conspiracy in operation. No, there doesn’t have to be. People with common interests work together naturally.

What do the world’s richest citizens want from government? They want high asset prices. They want wealth and income independently of any output. Don’t misunderstand, output is fine but income without it is even better. Actually that is the same thing the poor, the middle class and everyone else wants. The rich have the money and the political power to get what they want out of government. So, for the immediate future all of the worlds resources are going to be focused on elevating the U.S. stock market.

Please notice. Even with all of the criticism Donald Trump gets from the media and the democrats, there is no push back at all on his ballooned up deficit spending, huge tax cuts for corporations and inflation creating tariffs. Wars for profit are never mentioned either. When it comes to transferring wealth and income from the bottom of the food chain to the top, Democrats, Republicans, media and all other world leaders are on the same page., The argument is over technique and precisely who gets the spoils. But, all of the above agree on moving wealth and income from the bottom of the food chain to the top.

The truth is a hard sell. Fantasy Free Economics gains readers one at a time. Major search engines simply do not list blogs which disagree with their political agenda. As long as folks share the link to this blog and others speaking out against the grain, the truth will at least trickle into the public consciousness.

 

Fantasy Free Economics recommends the following blogs.

Of Two Minds Liberty Blitzkrieg Mises Institute Straight Line Logic Paul Craig Roberts

 

 

 

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About Fantasy Free Economics

James Quillian independent scholar,free market economist,and teacher of natural law. Who is James Quillian? Certainly I am nobody special, Just a tireless academic and deep thinker. Besides that, I have broken the code with respect to economics and political science. Credentials? Nothing you would be impressed with. I am not a household name. It is hard to become famous writing that virtually no one in the country is genuinely not in touch with reality. But, if I did not do that, there would be no point in my broking the broken the code. If you read the blog, it is easy to see that there are just a few charts, no math and no quantitative analysis. That is not by accident. Given what I know, those items are completely useless. I do turn out to be highly adept at applying natural law. Natural law has predominance over any principles the social science comes up. By virtue of understanding natural law, I can debunk, in just a few sentences , any theory that calls for intervention by a government. My taking the time to understand the ins and outs of Keynes General Theory is about like expecting a chemistry student to completely grasp all that the alchemists of the middle ages thought they understood in efforts to turn base metals into goal. Keynesian theory clearly calls for complete objectivity. Government can only make political decisions. Keynesian techniques call for economic decisions. So, why go any further with that? Fantasy Free Economics is in a sense a lot like technical analysis. Technical analysis began with the premise that it was impossible to gain enough information studying fundamentals to gain a trading advantage. Study the behavior of investors instead. Unlike technical analysis, I don't use technical charts. What I understand are the incentives of different people and entities active in the economics arena. For example, there is no such thing as an incentive to serve with life in the aggregate. In the aggregate, only self interest applies. It is routinely assumed otherwise. That is highly unappealing. But, I am sorry. That is the way it is. I can accept that because I am genuinely in touch with reality. Step one in using Fantasy Free Economics is for me to understand just how little I really know. A highly credentialed economist may know 100 times what I do based on the standard dogma. Compare the knowledge each of us has compared to all there is to know and we both look like we know nothing at all. There is always more than we don't know than what we do know. I am humble enough to present myself on that basis. Why? That is the way it is. I am not bad at math. I have taught math. What I understand is when to use it and when to rely on something else. Math is useless in natural law so I don't use it. While others look at numbers, I am busy understanding the forces in nature that makes their numbers what they are. That gives me a clear advantage.
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