Once again we get out the pom poms to cheer the economic numbers and once again, like a post-hubris society we look the other way as the dollar, which should rise on data like improved manufacturing and GDP, takes another hit.
FrankenMarket ran all the way from 2003 until 2007. This latest Bride of FrankenMarket will have a much shorter run. Actually, maybe Bela Lugosi would be a better metaphor because we are vampires sucking the life out of our stock and trade and yet the Wall Street Troubadours just keep on playing their merry tune. They turn inflation into a cottage industry and sell it back to the public.
Cheering the devaluation of the currency and the society, all to make a buck in the here and now. That is vampirism... or cannibalism. Whatever it is, it is not healthy and rational people will not be sucked in by it.
