The Phaserl


So This Isn’t Exactly A Rosy Outlook For 2014, Or Something

from Testosterone

Central banks rule! We’ve seen it in 2013.

They’ve accomplished the impossible: separating stock markets from the economies they’re based on. Oblivious to the real economy in the US, the S&P 500 soared nearly 30%, the largest gain since the dotcom-bubble days of 1997, the Nasdaq 38%. The German Dax jumped 25%, hopping from record to record, though the German economy has stalled since late 2012. The French CAC 40 rose 18% though the French economy is mired in stagnation, with a record number of people out of work. The Nikkei soared 56.7%. And investors expect another glorious year with nary a cloud on the horizon to muck up their picnic.

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