Fed Desperation Again;

 

----- Original Message -----

From: Len Cranford

To: Richard Finley ; craig schommer ; ryder smith ; jb_campbell@yahoo.com ; patrick henry ; James Wickstrom ; darkmoon@darkmoon.me ; tommy ; pseudoskylax@gmail.com ; executioner@dreadwilliam.com

Sent: Thursday, March 19, 2015 3:37 AM

Subject: Fed Desperation Again;

 

{But they NEED higher interest rates to make Insurance, Annuities, and Pensions healthy again. BUT!!!!! The economy is still flat on it`s back so they simply can TALK about raising rates - nothing else. IF the Fed actually started rates rising, the Economy and Debt Structure would CRASH into a 1930`s Mega-Disaster - well, We are headed there anyway. L.}

[Denninger;]

What You Learned Today   http://market-ticker.org/akcs-www?singlepost=3375560

 

There was one lesson today from the FOMC decision.

The Fed downgraded their economic forecast.  The market, in response, shot up 50 handles on the S&P and four hundred DOW points from where it was before the announcement.

What this tells you is, quite simply, this:

ALL of the market's upward move is a consequence of uneconomic decisions made by firms.

It is not due to growth.

It is not due to organic profits.

It is not due to an improving economy.

It IS due to borrowing to buy back stock and other leveraging games, all of which are Ponzi schemes.

And this will end exactly as it did in 2000 and 2008, Larry Kudlow's chortling notwithstanding.