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Originally posted by babybunnies
While some part and paint etc that comes from Japan is in limited supply, nearly all the cars that Japanese companies sell in the USA are actually made in the USA, not in Japan.
The Sharpest Rally Since 1644
The recent stock market rally's manic force is deeply suspect.
According to my research, last week's stock market rally was the sharpest such surge since 1644, just before the Ming Dynasty collapsed and Europe was decimated by an epidemic of plague. Perhaps that is coincidence, perhaps not. The Status Quo always tries to brighten the outlook just before things fall apart, and nothing cheers flagging spirits more than a sudden rise in wealth.
You see the pattern: the sharper the rally, the closer the market is to the bubble's end-game.
Does anyone seriously believe this rally is based on fundamental strengths in the U.S. and global economy? Uh, sure.
The stench of official desperation is in the air. The release of oil reserves, the stunning rally on threadbare "good news," the touting of absurdly trivial increases in consumer debt--it rose by $5 billion in a $14 trillion economy, oh happy day, we're saved!
Goosing the stock market works for "your people," just like that last big rally in 1644 gave a warm and fuzzy feeling to the Ming Dynasty insiders. But it didn't move the needle on the real economy or dissolve the perception that the whole rotten edifice was crumbling.