“The flaw with The Fed’s model of real earnings growth is that it is not organic growth, but a massive block of sugar.And a sugar crash invariably follows”.
Anthony Sanders
“If you look back in the 1930s, the money went to infrastructure. The bridges, the municipal buildings, the roads, those were all built with stimulus money spent on infrastructure”.
Michael Bloomberg
Stocks had another wide-ranging day, as values attempt to peek out from behind a wall of financialized puffery and fiscalized frothiness.
Gold, silver, and the Dollar both moved higher, as the risk on appetite seemed to temper a little.
Have a pleasant evening.
