01-14-2020, 05:31 PM
(01-14-2020, 12:17 AM)John J. Xenakis Wrote: ** 14-Jan-2020 World View: Bubble
Higgenbotham Wrote:> This stock market bubble is way, way crazier than the all time
> (dollar) high in silver in 2011. There's no comparison at all in
> my opinion.
> I would say this stock market bubble is at least an order of
> magnitude crazier than the 2011 silver top. We've even got a US
> president pumping the stock market bubble using his twitter
> account. It's completely nuts. We've got the financing of
> retirements tied to the performance of the stock market and
> completely dependent on a continuing stock market bubble, which is
> the biggest bubble in the history of the world. Nuts.
It's not clear that Trump even understands that there's a stock
market bubble. But if he does, he wouldn't want it to burst
before the election.
I think he understands that $1Trillion plus Federal deficits are expansionary. Whether he understands that they can't go on forever I don't know.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.