Zerohedge had an interesting article today about the ratio of Net Worth/GDP that may be signaling an asset bubble has already formed in the US. The Fed's propensity to create asset bubbles in order to continue to sustain an inefficient and parasitical financial sector provides plenty of room for concern. Their inability to provide the necessary reform because they are caught in a credibility trap is a recurring theme here.

It is a bit off the topic of markets, but Glenn Greenwald has an interesting story of how the US media manufacturers stories, and then tailors the narrative of the subsequent discussion of those 'stories' on their talk shows and panels to keep putting forward certain false and misleading propositions to the public.

I have seen some bloggers and internet trolls doing this, 'exposing' people as 'charlatans' but it is a bit jarring to see this done so readily by the mainstream media.

Have a pleasant evening.

By Jesse

http://jessescrossroadscafe.blogspot.com

Welcome to Jesse's Café Américain - These are personal observations about the economy and the markets. In providing information, we hope this allows you to make your own decisions in an informed manner, even if it is from learning by our mistakes, which are many.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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