Don't fight the 'fiscal slice'
The market looks overvalued but is giving bullish signals nevertheless.
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The real story is the dismal trading volume.
I believe we have more to fear from banks than from a standing army. That's never been more true than now.
Don't blame the Fed. for everything. The fiscal policy side is totally corrupted. Even if the Fed were absolutely perfect it couldn't fix the corruption(corporate welfare for campaign help) that is so deeply imbeded in our Congress and the Presidency. And, don't put all the blame on the Presidency. It is the House of thieves that carries the purse strings. They never met a corporate welfare bill they didn't like.
That's the reason the incumbents have the advantage in elections. And it's all legal. Of course it is. Why would congress (incumbents) pass a law against themselves?
I doubt there has ever been a fiscal bill passed that wasn't packed with corporate welfare, pork, and similar remunerations.
The real truth, back door banking for free stuff to the rat inner circle means unstable financial institutions. Alright, I didn't receive my free car, truck, home, etc., etc.
How do you get on the rat kiss ars list for free stuff anyways?
GDP is expected to grow by only 1.9% after the "fiscal slice."
Expected to grow only 1.9% by whom? So we take a $100 month of FICA out of 150m pay checks and that's going to cut GDP growth by .6% of $16,000,000,000,000? That would be a cut of $96 billion caused by a $15 billion increase in payments to Social Security and that's not going to happen.
The economy may slow down to 1.9% GDP growth in the first quarter because if the FUD created by articles like this one but it'll speed up if Congress doesn't crash and burn increasing the debt limit.
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All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.
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