Yep, that's the core inflation numbers, so lovingly crafted and foisted upon the investing public by our public officials paid through our (inflating) tax dollars.
If you think I'm being a little harsh, go outside and fill up your gas tank, go the the grocery store and buy something, then maybe you could call Blue Cross and ask how much they want for a basic health insurance policy? Or maybe check out college tuitions. Or if you want to be more esoteric, check out a weekly chart of the CRB index, which is a basket of commodities...you want to know the prices of raw materials? How about corn prices? Wheat prices? Gold is hanging out in the mid $600's, roughly double five years ago. Oil has also doubled in five years.
Plus the price of government (i.e. taxes) is on the march again. Due to the present incompetent Republican administration, the socialists are running congress again, Fed tax cuts are due to expire soon, plus there is talk of new Federal taxes on the "rich". And let us not forget the tax raises at the state and municipal level, especially here on the east coast. I think the average (AVERAGE) tax burden in this country is around 33%...ONE THIRD of everything you make! And what if we get socialized medicine...think of the tax increases and added waste right there.
So in the midst of this are our wonderful Fedheads, who statistically grind the inflation numbers (which is, simply to take out the inflationary parts) until they are no big deal and voila! No problem.
The market is ramping right into the old highs this morning. I remain deeply cynical at this moment about the move. I still think this is being ramped up by the institutional trading desks so the dumb money will be forced to jump in and let the instituions sell their stock to them....but I have a deeply cynical nature.
If this move is for real, I'm still waiting for a pullback before committing any more capital to this market. I am sitting in mostly cash.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment