SP500 Deflated by Gold
Stock-Markets / Stock Markets 2012 Feb 13, 2012 - 02:20 AM GMTMuch of the recent rally, that nominally looks like a straight shot higher is really due to the monetization going on in the US and Europe.
Such distribution of money through asset bubbles can provide the appearance of vitality, but it is not self-sustaining.
But as we saw in the tech and the housing bubbles, they can go quite far, and inflict serious damage on real economy, before they collapse.
By Jesse
http://jessescrossroadscafe.blogspot.com
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