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Dow Jones Breaks Through 13,000 Barrier For First Time Since 2008 Crash


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#1 interestrateripoff

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Posted 21 February 2012 - 08:07 PM

http://www.guardian....00-barrier-2008

The Dow Jones industrial average crossed 13,000 on Tuesday for the first time since before the 2008 financial crisis.

The Dow passed 13,000 about two hours into the trading day, then quickly dropped back. Its last time above 13,000 during a trading day was May 20, 2008, four months before the Lehman Brothers investment bank went under.


Bernanke will be dancing with glee at this news.

His printing is being successful somewhere.

Proof that Brown had repeated IMF / OECD / BIS warnings over house prices and did nothing!!!
Looting: The Economic Underworld Of Bankruptcy For Profit
The exponential growth of debt and the unsustainability of debt
The logic of HPI @ 10% YoY means your £100k house would be worth £1.38bn in 100 years
Paying down my mortgage with money found on the street

It's time to sue the Bank of England / Federal Reserve for GROSS NEGLIGENCE
If DEBT is the problem REPAYMENT is the solution or you default

 

"The trouble with the world was that prices were so low that only the rich people could buy and the aim of the Conference was to raise them to a point where it would again be possible for poor people to buy something."

"Northern unemployment is an acceptable price to pay for curbing southern inflation" Eddie George former Governor of the Bank of England

New digest on the credit crisis and economy Part2 Part 3

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#2 thecrashingisles

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Posted 21 February 2012 - 08:19 PM

Bernanke will be dancing with glee at this news.


Glee have delivered their verdit on Bernanke:

Posted Image

#3 interestrateripoff

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Posted 21 February 2012 - 08:42 PM

http://www.zerohedge...st-passed-13000

Wondering why the DJIA just passed 13K again? Wonder no more: as the chart below shows it is entirely due to the nearly $7 trillion pumped by global central banks into the world stock markets just in the past 4 years. As Sean Corrigan from Diapason notes, the aggregate global central bank balance sheet has doubled in four years, after doubling in the 5 years before that. We would add that with the entire centrally planned ponzi scheme hell bent on preserving the illusion of nominal gains, global liquidity is now fungibly sloshing from one market to another with absolutely zero resistance whatsoever. At this rate, it should double again in 3 years, then 2, and so on. Will the Dow hit 52K in 5 years in that case? Why most certainly. Just ask any remaining citizens of the Weimar Republic. They know all too well about exponential stock market rises. They also know absolutely everything about the self-delusion that comes with chasing NOMINAL numbers. Oh, and before we forget, expressed in spot gold price, the central bank aggregate tally has moved from being the equivalent of 10 billion oz of gold, to just 8 billion. Guess what is 20% underpriced.

Posted Image


Go stock ramping.

An impressive feat of doubling long may it continue.

Proof that Brown had repeated IMF / OECD / BIS warnings over house prices and did nothing!!!
Looting: The Economic Underworld Of Bankruptcy For Profit
The exponential growth of debt and the unsustainability of debt
The logic of HPI @ 10% YoY means your £100k house would be worth £1.38bn in 100 years
Paying down my mortgage with money found on the street

It's time to sue the Bank of England / Federal Reserve for GROSS NEGLIGENCE
If DEBT is the problem REPAYMENT is the solution or you default

 

"The trouble with the world was that prices were so low that only the rich people could buy and the aim of the Conference was to raise them to a point where it would again be possible for poor people to buy something."

"Northern unemployment is an acceptable price to pay for curbing southern inflation" Eddie George former Governor of the Bank of England

New digest on the credit crisis and economy Part2 Part 3

smaller.jpg


#4 Mikhail Liebenstein

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Posted 21 February 2012 - 08:59 PM

http://www.zerohedge...st-passed-13000



Go stock ramping.

An impressive feat of doubling long may it continue.


Can hardly wait to get my March pension statement.

#5 frederico

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Posted 21 February 2012 - 08:59 PM

http://www.zerohedge...st-passed-13000



Go stock ramping.

An impressive feat of doubling long may it continue.

only it won't will it, always crashes in the end, 4 months is looking a good time.

unless they've permanently changed the rules
Latest news, 5000 jobs to be created transferred to ASDA, the new high tech, knowledge based economy is powering ahead.

McDonald's says it will create 2,500 new jobs across the UK this year, taking its workforce to 90,000

#6 interestrateripoff

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Posted 22 February 2012 - 09:24 AM

only it won't will it, always crashes in the end, 4 months is looking a good time.

unless they've permanently changed the rules


I think that is what they are hoping they can achieve.

Proof that Brown had repeated IMF / OECD / BIS warnings over house prices and did nothing!!!
Looting: The Economic Underworld Of Bankruptcy For Profit
The exponential growth of debt and the unsustainability of debt
The logic of HPI @ 10% YoY means your £100k house would be worth £1.38bn in 100 years
Paying down my mortgage with money found on the street

It's time to sue the Bank of England / Federal Reserve for GROSS NEGLIGENCE
If DEBT is the problem REPAYMENT is the solution or you default

 

"The trouble with the world was that prices were so low that only the rich people could buy and the aim of the Conference was to raise them to a point where it would again be possible for poor people to buy something."

"Northern unemployment is an acceptable price to pay for curbing southern inflation" Eddie George former Governor of the Bank of England

New digest on the credit crisis and economy Part2 Part 3

smaller.jpg


#7 Sour Mash

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Posted 22 February 2012 - 10:40 AM

http://www.guardian....00-barrier-2008



Bernanke will be dancing with glee at this news.

His printing is being successful somewhere.



Not really consistent with the picture of unstoppable deflation that some misguided sorts here seem to think is happening, is it? :lol:

Deflation can always be counteracted by money printing. You just can't ensure that the money spreads evenly throughout the economy so you end up with some things suffering strong price inflation (where the money goes) and other things continuing to deflate in price.

You also end up destroying the very credibility of your currency but there's probably some way to go before we cross the rubicon. Plenty of wealth to be looted by insiders who get their mitts on the new money first, in the meantime.

Plus ça change, plus c'est la même chose

#8 interestrateripoff

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Posted 22 February 2012 - 10:55 AM

Not really consistent with the picture of unstoppable deflation that some misguided sorts here seem to think is happening, is it? :lol:

Deflation can always be counteracted by money printing. You just can't ensure that the money spreads evenly throughout the economy so you end up with some things suffering strong price inflation (where the money goes) and other things continuing to deflate in price.

You also end up destroying the very credibility of your currency but there's probably some way to go before we cross the rubicon. Plenty of wealth to be looted by insiders who get their mitts on the new money first, in the meantime.


I agree up to a point, however once you've gone hyper a deflation correction will happen.

It's all about keeping the plates spinning so far they a managing to pull it off.

Proof that Brown had repeated IMF / OECD / BIS warnings over house prices and did nothing!!!
Looting: The Economic Underworld Of Bankruptcy For Profit
The exponential growth of debt and the unsustainability of debt
The logic of HPI @ 10% YoY means your £100k house would be worth £1.38bn in 100 years
Paying down my mortgage with money found on the street

It's time to sue the Bank of England / Federal Reserve for GROSS NEGLIGENCE
If DEBT is the problem REPAYMENT is the solution or you default

 

"The trouble with the world was that prices were so low that only the rich people could buy and the aim of the Conference was to raise them to a point where it would again be possible for poor people to buy something."

"Northern unemployment is an acceptable price to pay for curbing southern inflation" Eddie George former Governor of the Bank of England

New digest on the credit crisis and economy Part2 Part 3

smaller.jpg


#9 Sour Mash

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Posted 22 February 2012 - 12:21 PM

I agree up to a point, however once you've gone hyper a deflation correction will happen.

It's all about keeping the plates spinning so far they a managing to pull it off.



Once you've gone hyper, the currency is finished. Time for a new currency.

Printing doesn't solve anything but it does kick the can down the road and allow those on the inside to acquire more wealth for themselves before the manure hits the turbine.

Plus ça change, plus c'est la même chose




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