Our Mirage Economy! A House of Cards!

Following headlines like these...

 we get stock market reactions like this:

Why? Wall St have become so addicted to injections of money from central bankers, that they now dismiss all risk! Their faith in the false gods of central bankers, that they don't care about real, robust, organic economic growth any more! It's the reaction of an addict!

Treasuries Scream "Fear!"

Despite reassurances from the Fed, the skyrocketing Treasury bond market is sending the message that investors are extremely worried. They're buying US government bonds as if there's no tomorrow. That means only one thing: they're worried!

Even as the Fed talks about possibly raising interest rates, investors don't believe they will. They're buying bonds, which lowers interest rates. That means that their fears outweigh what the Fed is saying!