Banner
Radio Show
See what Michael's reading - for FREE
Weekly notice with his favorite research picks
A Normal Market PDF Print E-mail
Written by Martin Armstrong - Armstrong Economics   
Saturday, 01 June 2013 09:21

Dow-Bonds

In the normal world of capital flows, bonds decline when stocks rise. The talking heads that claim lower interest rates are bullish for stocks once again try to reduce everything to a single cause and effect that applies to a single frame in a long movie. Here we can see that bonds declined when stocks rallied into 1929 as interest rates ROSE not declined!!!!!!! The explanations that the Dow is rising because of Fed Monetization and the bonds are rising because of a mismatch in quality, sorry, but that just does not cut it. It is capital inflows into the dollar both bonds and stocks as the dollar is being thrust into the single world currency thanks to the brain-dead decisions of Europe.

......read more HERE

 
10 April 2014 ~ Michael Campbell's Commentary Service

 

First off – how can anyone be surprised that the parabolic risers in bio tech are taking it on the chin.  The...   Read more...

Banner
Banner
Banner