For the past few months, much of the economic data coming out has been sloppy, downright negative some would say. So would the Bloomberg Economic surprise index. But who cares about economic data anymore.
We went from being a manufacturing economy to a service economy to an asset speculation supported economy or ASSE. And in this ASSE, we don’t need factories, or research, or workers, or innovation. We just need free money.
Free money fixes everything. It creates industry, wealth, jobs, and satisfaction. With QEi, we have the guarantee of the benefits of this asset speculation without any downside. Everyone wins. And if you don’t the government can take care of you with their many social programs.
Forget about divergence between the US and rest of world fundamentally. In an asset speculation supported economy, all that matters is financial asset prices. And we got the guy with the biggest printing press ever constructed feeding the machine to support asset prices.
Long live the printing press. Long live the ASSE!
BTFD