The S&P Index At 2900: The Biggest Wall Street/Fed Whopper Ever Told, Part 1

Once upon a time, the stock market reflected the state of the main street economy and the level of business profits. In the present age of Keynesian central banking, not so much. To wit, since the first quarter of 2012, the S&P 500 has risen from 1300 to 2900 or by nearly 125%. At the same time, pre-tax […]