When even Home Depot's Ken Langone is questioning the reality of this rally (CEO of one of the best performing stocks since the Dow last traded here), you have to be a little concerned. However, it is Duquesne's Stanley Druckenmiller's point that with QE4EVA it is impossible to know when this will end but warns that "all the lobsters are in the pot" now as he notes that "if you print enough money, everything is subsidized - bonds, stocks, real estate." He dismisses the notion of any sell-off in bonds for the same reason as the Fed is buying $85 bn per month (75-80% all off Treasury issuance). The Fed has cancelled all market signals (whether these are to Congress or market participants) and just as we did in the 1970s, we will find out about all the mal-investments sooner or later. "This is a big, big gamble," he notes, "manipulating the most important price in all of free markets," that ends one of only two ways, a mal-investment bust (as we saw in 2007-8) or full debt monetization and "off we go into inflation."
The interchanges between the rational and Dr Kookman are hilarious. No one is buying his bullshit anymore now that it has been discredited...
Zitat Dr Paul Krugman
If you live your life as a doomer, spouting "when the next crash comes" every 5 minutes, then you will be doomed to a life of sadness and depression; without hope and dreams of a future, life can be very hard; thus why you clutch your rocks, bang your head against a wall, and attack anyone who tries for a better tomorrow.
Response:
ZitatTemporalist
A better tomorrow is welcomed by everyone on ZeroHedge. It is a world without charlatans and statist propagandists who want to practice their catastrophic theories on masses of people while gazing down on them to see what terror unfolds while they peel off hundreds to light their cigars and fuel their Rolls Royces. It is a world of Rule of Law where fraud, manipulation, counterfeiting, deceit, and outright theft are prosecuted and perpetrators are incarcerated. It's a world where there are rules and regulations that are actually regulated and the regulators and law makers aren't just stooges for monied interests. I'd go on but I don't want to harm your delicate sensibilities.
Funny that all the theories put into practice by modern eCONomists and there is still greater wealth disparity than ever and there are more people in slavery than at any time in human history (and that isn't including debt slavery).
ZitatDaveyJones
addicts must first admit they have a problem
Haven't you noticed? It's not just little angry guys on websites. The guy in this article sort of works in the real world. He's not always angry. There are lots of others all over the world with fancy experience and fancy degrees saying the same thing. Wouldn't you know, as it gets worse, as the lies get naked, and the laws disappear, more people worry.
Zitat Dr Paul Krugman's
The money is being given to firms who are making loans, and those loans are making their way into the economy. The money is coming.
Zitat Teamtc321
How many years have you been spewing "The money is coming"?
Krugman, your antics are similar in theory to jacking off. After awhile it just doesn't work.
When the good Dr is forced to defend himself on websites he routinely call alarmist and full of cracked pots, you know he lost.