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The Economy Has Nothing To Do With The Stock Markets, Right?

rknoch Wrote: May 01, 2013 9:16 AM
If you 'factor out' Ben Bernanke's 'Virtual Cash Machine' ($20 Trillion, or so) the market would deflate to realistic levels . . . . . 75% of what it is now . . . 50% ?????? Ben's 'Virtual Cash Machine' has changed the rules of Supply and Demand. Ben will soon use his Golden Parachute . . . . he's done all the damage humanly possible. obama's goal is nearly fulfilled.
Texas Chris Wrote: May 01, 2013 12:46 PM
Bernanke is the only reason the stock market is at record highs. He has created a dollar bubble.

One of the first financial guys I ever met told me confidently “the economy and the markets have nothing to do with one another.” Recently I was interviewing potential new writers for a financial newsletter, which I’ve been asked to help launch, and one of them (a professor of economics) told me that “the financial markets and the economy are two different beasts entirely.” Where do people get such ideas?

One place they got them is from John Maynard Keynes who saw the movements of financial markets as being like a gigantic casino, moving randomly in response to people’s...