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Title: Dow Notches Third Straight Week Of Gains
Source:
Associated Press
URL Source: http://www.sfgate.com/cgi-bin/artic ... /02/18/national/a131351S21.DTL
Published: Feb 18, 2011
Author: Associated Press
Post Date: 2011-02-18 16:51:50 by Brian S
Keywords: None
Views: 684
Comments: 1
(02-18) 13:43 PST NEW YORK, (AP) -- The Dow Jones industrial average is ending the day higher, marking its third straight week of gains. The Dow has lost ground only three days in February. The average of 30 large companies rose 1 percent this week and 4.2 percent for the month. The broader S&P 500 index also gained 1 percent this week and 4.4 percent this month. Caterpillar Inc. rose 2.4 percent to lead the Dow. The Dow gained 73 points, or 0.6 percent, to close at 12,391. The S&P 500 rose 2 points, or 0.2 percent, to 1,343. The Nasdaq composite rose 2, or less than 0.1 percent, to 2,834. Rising shares outpaced falling ones by a nearly three to two margin on the New York Stock Exchange. Volume was 1 billion shares.
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#1. To: Brian S (#0)
Yeah, yeah... Helicopter Ben dumping money into the economy, making inflation a real problem... And of course, pumping up the stock market. And you think that the "gains" in the stock market are GOOD...? Shit. When most companies are in the crapper with regard to REAL business operations, when they're laying off people left and right, when there's no feasible direction to go but DOWN, and yet the stock market is surging, then the ONLY logical conclusions you can come to are either 1. Signficant market manipulation, to pull in the last suckers, before they pull the plug, and/or 2. Inflation is kicking in. In this case, it's both. From the article written in October, 2010 Signs that Hyperinflation is Arriving: • Rising commodity prices, the effects of which (because of hedging) will be felt most severely in the period January–March of 2011. • A beggar-thy-neighbor race-to-the-bottom Currency War, that might well devolve into a Trade War, which would force up prices on imported goods. • A Federal Reserve that does not seem to know what it is doing, as regards another round of Quantitative Easing, which is making the financial markets very nervous—nervous about the Fed’s ultimate responsibility, which is safeguarding the U.S. dollar. • A U.S. economy that is weak to the point of collapse, where not even 0.25% interest rates are sparking investment and growth—and which therefore prohibits the Fed from raising interest rates, if need be. • A U.S. fiscal deficit which is close to 10% of GDP annually, and which is therefore unsustainable—especially considering that the total U.S. fiscal debt is well over 100% of GDP. These factors all point to one and the same thing: An imminent currency collapse. Therefore, I am confident in predicting the following sequence of events: What the mainstream commentariat will make of all this will be really something: When CPI reaches 5% by the winter of 2011, pundits and economists and the Fed and the Obama administration will all say the same thing: “Happy days are here again! People are spending! The economy is back on track!” However, by the late spring, early summer of 2011, people will realize what’s going on—and the Federal Reserve will initially be unwilling to drastically raise interest rates so as to quell inflation. Actually, the Fed won’t be able to raise rates, at least not like Volcker did back in 1980: The U.S. economy will be too weak, and the Federal government’s balance sheet will be too distressed, with it’s $1.5 trillion deficit. So at first, the Fed will have to let the rising inflation rate slide, and keep trying hard to explain it away as “a sign of a recovering economy”. Once the Fed realizes that the rising CPI is not a sign of a reignited economy, but rather a sign of the collapsing dollar, they will pursue a puerile “inflation fighting” scheme of incremental interest rate hikes—much like G. William Miller, the Chairman of the Fed from January of ‘78 to August of ‘79, pursued so unsuccessfully. ...By that point, the rest of the economy—unemployment, GDP, all the rest of it— will be in the toilet. By that point, the rest of the economy will no longer matter: The collapsing dollar will make 2012 the really really bad year of our Global Depression—which is actually kind of funny. Socialist ass-hats think "There will be no more money when the U.S. dollar has no value, until that time we can keep printing more." And yes, that IS from LF's answer to Ben Bernanke, go65, leading disfunctional and delusional socialist of the forum. "You want me to kill THE ENEMIES of Jappos, I'll kill THE ENEMIES of Jappos, Rebs, or Sioux, or Cheyenne... For 500 bucks a month I'll kill whoever you want. But keep one thing in mind: I'd happily kill you for free." Algren, "The Last Samurai" The Dow Jones industrial average is ending the day higher, marking its third straight week of gains.
we have:
• By March of 2011, once higher commodity prices reach the marketplace, monthly CPI will be at an annualized rate of not less than 5%. • By July of 2011, annualized CPI will be no less than 8% annualized.
• By October of 2011, annualized CPI will have crossed 10%.
• By March of 2012, annualized CPI will cross the hyperinflationary tipping point of 15%.
After that, CPI will rapidly increase, much like it did in 1980. 
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