Fantastic charts of the growing disconnect between the real economy and financial markets courtesy of central banking heroic policies.
All charts from Zero Hedge
Surging Global Stock Markets (MSCI) amidst statistical economic growth (GDP) lethargy
Since employment conditions are part of economic conditions, the detachment between equity price actions and unemployment rate has been especially elaborate in Europe.
Again the seeming irrelevance between earnings (via revisions) and stock market price actions in the US.
And who says rising Non Performing Loans (NPL) equals higher rates? Not in Spain (and Italy) where banking system has been loading up in government debt. (zero hedge)
Such parallel universe or the glaring disconnect are really bubbles or illusions which are symptoms of monetary disorder (dictionary.com definition: destroy the order or regular arrangement of; disarrange) brought about by unsound central banking policies.
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