Wednesday, February 28, 2018

again: you'll have to wait a few months to see what i'm saying play out. and, something else could happen to negate what i'm saying.

but, two major things happened with the market:

1) the end of quantitative easing, which should plunge the market by tens of thousands of points by the time it's done and is both structural and long term.
2) tax cuts, which should provide a short term burst that fizzles out, relatively quickly.

so, the tax cuts are having this kind of buoyant effect.

but, it's like putting a life jacket on the titanic.

or using an umbrella to protect yourself against a falling piano.

and, this is just what capitalism is.