Dream Lover: Stock Market Continues To Rise As Expected Global GDP Growth Continues To Tank

The S&P 500 stock market index keeps climbing regardless of whether economic information is good or bad. Why? Because Wall Street’s “Dream Lover” is the Chair of the Federal Reserve Board of Governors.

For example, the world GDP forecast keeps falling … and the S&P 500 stock market index keeps rising. Much like a psychotic Energizer Bunny.

gdpfprefedBut Janet is not the Dream Lover of middle class America where real median household income and mortgage purchase applications remain depressed after 2007.

househfed4The M1 Money Multiplier  reamains stalled and below 1 indicating the low interest rate loans are not circulating among the middle class.

m1mfedugh.And if Janet Yellen and the Central Banks remove the monetary stimulus, splish-splash, we’ll be taking a bath!


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