Sorry was sleepy. Meant US Stock Market not Dow Jones.
i know a lot of you here are fed up of my anti-Keynesian views but you really need to watch this short video.
Since 2008 there has been a direct link between US Base Currency and the US stock market. It seems that the US Stock Market can't get off the monetary drugs which Alan Greenspan and Ben Bernanke put into the US economy. Janet Yellen seems to be there to be the fall guy.
What is also worrying is this trend is viral all over the world.
You should watch the video because this even makes me scared even though I have believed in Peter Schiffs and Mike Maloneys rambling for years.
Dow Jones could crash to the 5000 pt mark.
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Proof that Dow Jones is reliant on US QE. watch
- Thread Starter
Last edited by illegaltobepoor; 21-01-2016 at 22:46.
- 21-01-2016 22:39
- 22-01-2016 00:38
We are not going to see a recession in the US or UK as a result of this and most of the turmoil is an overreaction to the decline of Chinese manufacturing output largely due to the lack of demand from the west (Europe has spent the last 5 years deleveraging and the US is relatively restrained in terms of credit inflation). As bad as that sounds though, the service is sector in China is still booming and so long as that occurs i'm not too worried.