Traders are pushing the SP 500 towards new all time highs.
As they said today on Bloomberg, 'Things are good for the private sector.' Well, private corporations at least.
Cyprus? Unemployment? Meh.
“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