Loading ...Yes you are right. But with all the money printing the effect on the markets is not present yet. All the straws will eventually break the camel’s back, but not yet. The markets don’t lie when the bankers are having their way (see my comments last week on the SPX/CRB Ratio). Christmas bonus season is coming and they will not let anything interrupt that (even with all the money printing manifesting this as a profound paradox).
That is to say with all the money printing, if it was not hoarded by the bankers and their buddies (think bonuses, corporate buy backs, etc.), commodities would be soaring — not the other way around.
I wouldn’t be surprised to see stocks back up by day’s end.
Cheers