Friday, 31 October 2014

One Thing is Clear, the Stock Market Boom has Not Been Fueled by Savings...

...but then again, whenever an elastic money supply rules, it does not need to.

In fact, with an inelastic money supply, the current and previous stock market booms simply could not have taken place at all. This explains why it is a very unhealthy sign, the sign of a sick economy, when the stock market surges to ever new highs over an extended period of time.