07 June 2012

SP 500 and NDX Futures Daily Charts


"Before now, I had never really understood how the 1930s could happen. Now I do. All one needs are fragile economies, a rigid monetary regime, intense debate over what must be done, widespread belief that suffering (for others - Jesse) is good, myopic politicians, an inability to co-operate and failure to stay ahead of events."

Martin Wolf, 5 June 2012

The fingers of the Anglo-Americans are pointing ironically at Europe, which will be blamed if there is another crash. But the same fate awaits them for essentially the same reasons that Martin Wolf outlines above.

Ben will continue to print money. There should be little doubt about this, no matter what dissembling or 'jawboning' he and his cronies engage in.