Thursday, Oct 27th

Last update05:20:13 AM GMT

You are here News Editorials Prairie2: High Noon

Prairie2: High Noon

E-mail Print PDF

BubbleThe US stock market fell hard at the opening bell and the corporate pundits were out immediately blaming it on the lower number of jobs created last month. With “only” 200,000 new jobs created they implied that the Obama economic recovery is falling flat.

The first problem with this “news” was that the real numbers don’t come out until Friday, this was just an estimate from a private payroll service company that has become notorious for being wrong.

The real reason the US markets were down, and they were following the world markets from overnight (US time), is that the fall was based on the Minutes from the last Federal Reserve meeting. A large majority of the board has decided that there will be no more quantitative easing purchases of paper assets, or what is effectively the wholesale printing of money for rich people and their big banks.

This impacts markets worldwide as it impinges on the Carry Trade. This “trade” is where big money people hop around from country to country inflating the local markets by exploiting cheap dollar loans to buy up local paper. This practice makes a lot of money for the rich, that is if they get out before the bubble bursts. Don’t worry they mostly do, and besides they’re just gambling with other people’s money so don’t fear for them.


Most Recent Related Stories...

Bob Alexander: Quién es Más Loco? … Or … Say Goodnight Gracie Part IV

Loco TrumpAfter watching the third and final debate between Donald Trump and Hillary Clinton I agree with...

Bob Alexander: Say Goodnight Gracie Part II

Monster caterpillarLast month looking South I saw another bad day brewing. Not surprising. It was preceded by...

Bob Alexander: Say Goodnight Gracie Part III

Trump clownIt appears that unless the Universe has a couple of extra tricks up its sleeve, we're...

Alex Baer: The Excellence of Less

El-cap-oIt was a complete surprise when I got word from the Trump campaign that I had...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!