There are still a lot of bears out there, including Peter Schiff, who recently appeared on CNBC.
The strength of the stock market is due to the weakness of the US dollar. The downward pressure of the dollar is sending the prices of everything higher.
It isn’t all the Federal Reserve’s fault. The congress is who is running the deficits that the Federal Reserve is monetizing.
When people sell their stocks that have gone up, they are going to realize that the prices of everything else has gone up even faster than their portfolio.
Europe is worrying, but the United States is in far worse shape. But because of the troubles in Europe, the United States is a beneficiary. But eventually the phony economy is America will suffer when the interest rates rise.
When the dollar starts to tank, they will have to tighten. The alternative is to destroy the Dollar completely. And that would be an even bigger disaster than anything Europe is contemplating.
