The Phaserl


The One Chart That Says it All

by Andrew Hoffman, Miles Franklin:

… the way things are going, this bronchitis could be with me for some time. Fortunately, I can still type – and think. However, clinically speaking, I am “light-headed” due to my inability to breathe normally. And thus, while you’ll still get the gist of my thoughts this week, they may be a bit “jumbled” at times.

That said, it’s one of those increasingly common mornings where the MSM appears to have simply “given up” trying to interpret how stock and bond prices can continually rise into the a “wall of worry” so large, it climbs through the heavens, to strata far above even god’s lair. Oh, there are plenty of “horrible headlines” to go around; but at this point, care of the unprecedented, government-sponsored financial bubbles spanning all corners of the planet, the financial media – and even Wall Street itself – doesn’t even bother reporting them anymore; much less, analyzing them.

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