From Bloomberg:
Asian stocks rose for a second day after a slump in U.S. home sales eased speculation the Federal Reserve will reduce economic stimulus next month…“Any disappointing economic reading out of the U.S. will be interpreted as a sign that perhaps the economy is not ready for tapering in September and perhaps the Fed may hold off,” said Stan Shamu, a strategist at IG Ltd. in Melbourne. “It’s all about picking stocks with right fundamentals.”
The du jour financial market commentary has mostly revolved around “Bad news is good news” as the above
Yet this serves as an example of how central bank policies have been depraving people’s sense of morals
Central bank policies promote Wall Street’s (and their international peers) and the banksters’ sense of schadenfreude or the satisfaction or pleasure felt at someone else's misfortune (dictionary.com) They are also discriminatory—against Main street.
Why would main street's businesses or enterprises be encouraged to grow or expand when clearly central bank policies and their media apologists drive a wedge between Main street and Wall street?
The bias for Wall Street and banksters are appalling.
Wall Street and banksters gets rewarded or are bailed out, by virtue of QE and Zirp, when real businesses fail or struggle.
Ever wonder why parallel universes (detachment between real economy and the financial markets) exists. France has been a great example: exploding stocks (top pane) as real economy bobs and weaves on recessions (lower window).
Contra the idea about the “right fundamentals”, QE and Zirp is about redistribution.
This means contemporary fundamentals are about who (which companies or industries) benefits from the political actions made by central bankers.
This reveals how broken or contorted financial markets have been.
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