Wall Street is now starting to rally higher on bad economic news, pricing in a new round of monetary stimulus from the Fed. Unfortunately this is being done on thin volumes by cynical speculators, setting up possibly hazardous market conditions.
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception