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Stock market researcher, investor
  • The Greatest Economic Boom Ever [Edit or Delete]0 comments
    Jul 25, 2011 12:24 PM
    Stocks up again... This debt ceiling is so painful. I'm literally losing sleep over this. Pleaase deide congress ..i don't think I can live with the market going up everyday. 

    The US economy is stronger now than at any other time in history , and we're still in the greatest economic and stock market boom ever. Since March 2009 never before has so much wealth been created, never before have S&P 500 companies earned so much profits and revenues and hired so little. Never before have exports and worker productivity been this high. The debt ceiling still doesn't matter, especially not when government spending is still at record highs, and especially not when treasury yields still rock bottom.  Despite the 11th consecutive quarter of blowout s&P 500 earnings, a perpetually  rising stock market, record debt, and record commodity prices these interest rates are never going up again. Yields are still at 'crisis levels' despite the economic indicators indicating anything but a crisis.

    This trend won't be ending anytime soon:
    We're gonna have $4.45 dollar gas soon, we gonna have $120 oil $1700 gold, $60 silver, no job creation, even fatter s&P 500 profits and earnings, more government spending, dow 15000, tax cuts 4 ever, and more exports. China will  play a bigger role in US trade policy, and there will be no soft landing because their economy does not need to land when it' already on a trajectory to surpass the US. This will mean a higher standard of living for high earners, low rates due to China's surpluses going into treasuries, and nosebleed commodity prices and living cost inflation though the roof. but since policy makers only look at bond pries and core cpi when evaluation inflation, no, interest rates still won't go up.

    It's still funny reading stories in the paper and online about how the economy is  still weak because not enough jobs were created or beause the debt is too hihg. LOL. Or gloomers wrongly assuing surging gas and oil prices will hurt growth. ha ha ha to all of them
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