Buy more trash or watch the rabbit-hat get crushed. Help the shiney wealth magicians Magic money talkboys
The awful movie staring the fictional wealth economy vs the real one that benefits people who actually work, is getting better ratings the shittier the film gets. Did you see QE1? Oh fuck I did! Tom Boob and Alexa Busbama. Oh that dress, and the part where the Zombies kissed on a burning boat in the Potomac? Oh Fuck! I bought $100 in twizzlers fantasizing on who to vote for come ‘The People’s Choice Awards,’ night on the Sofa of the Real.
One might think that someone; I don’t know—say a putatively ‘socialist’ president super-hawk, you know that chimera out there with the nice blue tie, instead of red—-would push infrastructure bonds that put people to work, circulate money, boost economic activity, and strengthen growth. No, no, no…. More MBS purchases please! Yummy! Super new plot twist in the 3D version of QE4! These value meal trash purchases by the FED to help to piggy-tummy the bank accounts of the well suited bores with all the connections, who created the financial crisis while doing jack for the economy, are all the rage again once the Dow loses a kazillion points because someone announces that maybe the game has to get packed up as the baby is about to the shit the house. All these jack-in-the-holes are playing the rig-rig game for the usual pocketful of super rich and their worshipers. who’ve done nothing to deserve their wealth except be born, while hard working people are lectured about ‘entitlements.’
Hey! Here’s another idea. I think GW Bush borrowed this one from someone, and the corporate Dems love it, but would put it slightly differently so as to mummify dissent nicely: How’s about we privatize everyone’s retirement accounts—social security and the rest! Do it now, before we all find out how much money they’re going to spend filming QE5 (The revenge!) God, I just love hearing box office gross news from journalists on the TV, while I’m wondering if I’m going to have enough money to pay my child support, or my electric bill after this weeks paycheck. It’s so easy to get obsessed about such things, or be tickled by such news, just like hearing about the latest sports contract! Man, livin’ the dream vicariously, and pretending that shit around here is just pure meretricious; that’s the scoop! Charge up my denial, and give me some free pills, and credit reports bub.
Yes! Long live this land, highjacked by those that clearly live in a very different USA than you or I, or….
Do you really want to know why the Fed isn’t going to end QE? Here’s how Nomura’s chief economist Bob Janjuah summed it up:
“I want to remind readers of a message that may be buried in the past: When QE1 ended, the S&P 500 fell just under 20% in a roughly three-month period before the QE2 recovery.
When the QE2 ended, the S&P 500 fell about 20% in a three-month period before the next Fed-inspired bounce (aided by the ECB). QE3 is ending this month…”
Is that why the Fed started jawboning QE4, to avoid the inevitable 20 percent correction?