Talking foolishness and abdication from any degree of responsibility, decency and honesty the central banksters have committed themselves to run the most lunatic experiment of all times printing shiploads of money that pushed asset prices for a moon shot. Here just a small sample of some US equity market indices, the SMI and Dax.
However, in bond-land (fixed income) the excesses are even more egregious. And with the exception of China all risk markets around the globe display the same landscape (one way to the top).
Why do Central Banksters continue after all? We have the most awesome world economy ever, haven’t we? Or is there something terribly wrong with their rhetoric and narrative? Are they trapped with their trickery and fear to change course? Why should they fear to “normalize” the situation and stop printing? Were they anything but the devils apprentices going maniac, after all (remember Faust, J.W. Goethe)?
Any fall from these heights may be very uncomfortable as their machinations have stoked mal-investments without end, imbalances and income and wealth redistribution. By the way, momentum (MACD, Moving Average Convergence-Divergence) is waning and diverging negatively as prices are moving higher – a bad omen, is it not?
This is the third time central banksters are blowing bubbles in 30 years (it all started with Alan Greenspan) and this is clearly the winner when it comes to excesses. Reason: They went all-in. How desperate must they be (some may hear at night Mephisto’s predication) and how thankful the politicians must be for the central banksters “gift”. To wit:
1. The labour of the central banksters, i.e. money printing out of hot air:
Or in colours:
And then the fruits of their labouring (they were just a tad too successful, it seems):
2. The most comprehensive US index (Value Line Arithmetic Index), i.e. with the largest universe of stocks.
3. The Technology Index Nasdaq 100:
4. Dow Jones Industrial Index:
5. Eventually the Swiss Market Index (inserted the US Standard and Poor 500 for comparison):