Jester,
That's a pretty sobering chart, given the disconnect. Still, the
reason I often state that I used to be good trading the market,
that stopped around 2009 or so when QE was put into effect, and
distorted things beyond my ability to connect cause and effect. Or,
put another way - somehow (well, it's been the fed, as well as
fiscal policy) they've been able to
do this high -wire act that keeps the stock market disconnected
from underlying realities - hence, as we all have said, the further
enrichment of the 1% while the
poorer you are, the less good things have been for you,
financially, job-wise, etc. Probably showed up to a noticeable
degree in white lower class folks abandoning
the Democratic party.
Printing worthless $, doubling+ the debt, no discernable
terrible predicted consequences (the govt figures of employment,
wage increases are all positive,alto we
know them to be often maniputedl) so far. As with everything
else, how long do the plates stop spinning? Or is the can so
durable that it can just get kicked
down the road forever. I believe the US is still seen as the
'safest haven' for investments. My idea of Trump's effect may be
the real beginning of the economic decling of the West, and the
shift of economic axis being China. When the dollar stops being the
reserve currency of the world, I figure we're pretty much cooked.
But I've been wrong on so many things, I proablby would question my
own judgement.