Tuesday, February 5, 2013
Stocks to Go Parabolic, Then Collapse
"IF I AM WRONG AND WE TRULY HAVE
FOUND ECONOMIC AND MARKET NIRVANA SIMPLY THROUGH THE CENTRAL BANK
PRINTING PRESS AND ENORMOUS INDEBTEDNESS, THEN I WILL HAVE NO
HESITATION IN ENJOYING THE FUTURE, THINKING ABOUT THE FUNNY MONEY
MIRACLE, NEVER NEEDING TO WORRY ABOUT ECONOMIES OR GROWTH EVER AGAIN
(all hints of sarcasm entirely intentional)....Real wealth can only be
created by innovation and hard work in the private sector, with
policymakers, the financial sector and financial markets there to aid
and encourage/incentivize. Real wealth is not created by the printing
press and by excessive government spending. We simply cannot
turn wine into water – after all, if it were that easy, why have we not
done this before (with any lasting success, as opposed to abject
failure, for which there is plenty of evidence)! " Bob Janjuah, Nomura Securities