Market smacked down, money supply pops up. Stock market pops up, money supply... well, it levels off. With all the funny munny sloshing around out there it appears to be a game of musical chairs or hide and seek. When will the intelligent sounding drones in the financial services industry just publicly admit that the system that enriches them is a Keynesian Ponzi Scheme for which the devaluing of paper claims to money is a key component? i.e. Savers are systematically and willfully blown to bits at the pleasure of asset owners and those that pitch assets.
"Arrrrr, well, PE ratios have never been more compelling... errr, the American economy is the envy of the world and you should avoid gold and buy large cap stocks... a 60% allocation in equities and a 40% allocation in bonds is prudent... fuck it just buy stocks and don't ask questions, will you?"
They never seem to admit that they are gaming a rigged system. "I deserve the estate in the Hamptons I tell you. I have helped many people keep pace with inflation, while keeping risk to just below something bordering on extreme." Oooh, yeh give the man a $ Million salary.
Yes, good job Sparky. In fairness, writing a newsletter has shown me that there are more sincere financial advisers out there (and a couple crazy ones... hi Michael! ;-)) than I thought as there are several in the NFTRH subscriber base who just want to be right for their clients as opposed to pitching whatever will best line their pockets like what I am guessing is the majority of FA's.
Thus ends a weird little post that comes as I prepare to wind down a really nice day. Sometimes I tend to kick financial advisers because I believe they are charged with sacred responsibility to protect peoples' futures and too many of them use their clients as food and nothing more. I am actually in a good mood today and am not sure where this post came from. I think it was a stream of consciousness after reviewing some money supply data.
This post feels ever more awkward the longer it goes, kind of like when you go to leave a voice mail, start rambling and then 3 minutes later wonder "how the hell am I going to extricate myself from this and exactly just how crazy is the recipient going to think I am, anyway?"
http://www.biiwii.blogspot.com
http://www.biiwii.com
"Arrrrr, well, PE ratios have never been more compelling... errr, the American economy is the envy of the world and you should avoid gold and buy large cap stocks... a 60% allocation in equities and a 40% allocation in bonds is prudent... fuck it just buy stocks and don't ask questions, will you?"
They never seem to admit that they are gaming a rigged system. "I deserve the estate in the Hamptons I tell you. I have helped many people keep pace with inflation, while keeping risk to just below something bordering on extreme." Oooh, yeh give the man a $ Million salary.
Yes, good job Sparky. In fairness, writing a newsletter has shown me that there are more sincere financial advisers out there (and a couple crazy ones... hi Michael! ;-)) than I thought as there are several in the NFTRH subscriber base who just want to be right for their clients as opposed to pitching whatever will best line their pockets like what I am guessing is the majority of FA's.
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| This is helpful in the effort to avoid a stock crash |
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| What do you know? SPX magically finds its footing |
Thus ends a weird little post that comes as I prepare to wind down a really nice day. Sometimes I tend to kick financial advisers because I believe they are charged with sacred responsibility to protect peoples' futures and too many of them use their clients as food and nothing more. I am actually in a good mood today and am not sure where this post came from. I think it was a stream of consciousness after reviewing some money supply data.
This post feels ever more awkward the longer it goes, kind of like when you go to leave a voice mail, start rambling and then 3 minutes later wonder "how the hell am I going to extricate myself from this and exactly just how crazy is the recipient going to think I am, anyway?"
http://www.biiwii.blogspot.com
http://www.biiwii.com
