The Dow Jones has been reaching new highs and is reflecting the excessive money printing by the central banks. Is the average guy on the street living better? Not on main street. True unemployment is still around 23%. The gap between the rich and the poor is growing dramatically. Central banks have increased their balance sheets by $10 Trillion in the last ten years. Corporate debt is at 80% of GDP and that is a record high. Unlimited money printing is the current paradigm. This will come back to haunt the economies. The rich feel better right now but this may soon change. The U.S. has $220 Trillion of total debt including unfunded liabilities. How will the U.S. pay for this debt? By unlimited money printing. You better hug that tree now before the central banks need it to print more money. But wait, they can now print using a stroke of a computer key. How efficient! It is so easy to “print” money, it is like a drug addict working inside the pharmaceutical manufacturing facility of Loritab.
Once the investing public realizes that the money printing is fueling the new highs in the bull market and not corporate profits, they will head to the exits. Don’t get trampled.